Latest in Gear

Image credit: Michael Macdonald / EyeEm via Getty Images

Trump announces more tariffs on goods made in China

The 10 percent levy effectively means all US-bound Chinese products will be taxed.
683 Shares
Share
Tweet
Share
Save

Sponsored Links

Michael Macdonald / EyeEm via Getty Images

The US plans to add more tariffs to Chinese imports starting September 1st. President Donald Trump made the announcement on Twitter, stating the nation would impose a 10 percent tariff on $300 billion worth of Chinese goods, in addition to an existing 25 percent tariff on $250 billion of imported items. He said the tariff would be enforced after China didn't meet a promise to buy more American agricultural goods. He also claimed China, despite saying it would, failed to stop fentanyl sales to the US.

The latest levy is likely to intensify a trade war with China, which seems likely to respond with tariffs of its own. The 10 percent tariff effectively means all Chinese goods coming into the States will be taxed, and that cost will surely be passed onto consumers. So, devices made in China might well be more expensive for the foreseeable future.

Sony, for instance, has warned that tariffs may force it to increase the price of PlayStations, while some other giants such as Google and Nintendo are reportedly moving production to other parts of Asia. Foxconn has said it could make iPhones bound for the US outside of China too.

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
683 Shares
Share
Tweet
Share
Save

Popular on Engadget

Engadget’s guide to Home Entertainment

Engadget’s guide to Home Entertainment

View
'League of Legends: Wild Rift' will land on mobile and consoles in 2020

'League of Legends: Wild Rift' will land on mobile and consoles in 2020

View
Riot celebrates ten years of 'LoL' by finally announcing new games

Riot celebrates ten years of 'LoL' by finally announcing new games

View
Tesla's crash test lab video shows real and virtual Model 3 wrecks

Tesla's crash test lab video shows real and virtual Model 3 wrecks

View
TiVo's 'free' streaming service starts rolling out

TiVo's 'free' streaming service starts rolling out

View

From around the web

Page 1Page 1ear iconeye iconFill 23text filevr