Latest in Gear

Image credit:

China and US agree on tariff 'truce' that could avoid tech price hikes

They hope to address tech transfers and other disputes within 90 days.
Jon Fingas, @jonfingas
December 2, 2018
Share
Tweet
Share

Sponsored Links

AP Photo/Pablo Martinez Monsivais

If you were worried that some technology prices would go up (among other things) as a result of incoming US tariffs on Chinese goods, you can breathe a little easier -- for now. The US and China have agreed to a tariff "truce" that will give the two sides time to negotiate without the US imposing further tariffs. The Americans will leave their tariffs at the 10 percent rate on January 1st, 2019, rather than raising it to 25 percent. The countries will have 90 days to hash out their differences on issues like intellectual property theft and patents -- if they can't reach a deal when those 90 days are over, the tariffs go up.

As part of the truce, China agreed to buy a "very substantial" amount of products from the US, including energy and industrial goods.

The newly postponed tariffs aren't supposed to affect every category. Products like smartwatches and connected speakers won't be affected regardless of how successful the negotiations may be. However, this could still delay (or ideally, avoid) significant price hikes for many of the devices you buy. If you were rushing your purchase plans based on the threat of new tariffs, you can relax for a little while.

All products recommended by Engadget are selected by our editorial team, independent of our parent company. Some of our stories include affiliate links. If you buy something through one of these links, we may earn an affiliate commission.
Comment
Comments
Share
Tweet
Share

Popular on Engadget

Presenting the Best of CES 2021 winners!

Presenting the Best of CES 2021 winners!

View
Tesla is hiring people to handle complaints people tweet at Elon Musk

Tesla is hiring people to handle complaints people tweet at Elon Musk

View
Synthetic cornea helped a legally blind man regain his sight

Synthetic cornea helped a legally blind man regain his sight

View
Paramount+ will replace CBS All Access on March 4th

Paramount+ will replace CBS All Access on March 4th

View
Samsung's latest rugged tablet gets a Dex and WiFi 6 update

Samsung's latest rugged tablet gets a Dex and WiFi 6 update

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr