The ongoing trade tariff war between China and Trump’s United States shows no signs of de-escalating, with the US administration confirming that a proposed 10 percent tariff would be imposed in December.
After negotiations between China and the US stalled, Trump announced earlier this month that it would impose tariffs on 1st September, but has since had to be pushed back the United States Trade Representative Office explained.
This was a separate tariff from the current 25 percent one affecting a subset of Chinese goods. As for the new tariff happening in December, it would add a 10 percent tariff to an estimated $300 billion worth of goods, many of which are electronics, including smartphones and notebooks specifically.
“Certain products are being removed from the tariff list based on health, safety, national security and other factors and will not face additional tariffs of 10 percent,” the Trade Representative Office writes.
“Products in this group include, for example, cell phones, laptop computers, video game consoles, certain toys, computer monitors, and certain items of footwear and clothing,” it adds.
These imposed tariffs more than likely mean consumers in the States would have to pay an even higher premium for such devices, not to mention that the tariff is being imposed during the middle of the festive season.
More importantly, it remains to be seen how these tariffs will affect the pricing of consumer technology in other regions. Added to this is how it will impact the shipments for both notebook, tablet and smartphone markets globally, all of which have had slow or declining quarters of late.
With a few months to go between now and the proposed date of the tariffs, perhaps some sort of resolution can be reached. Knowing the US’ master in chief though, those chances are slim at best for now.