Trump announces an additional 10 percent tariff on Chinese imports

[Polycount]

In brief: The US under President Trump has been locked in a rough trade war with China for a couple of years now, and it doesn't seem like things are going to cool down anytime soon. Indeed, the situation only seems to be getting more heated as talks between the two global superpowers continue. Trump announced on Twitter today that, beginning on September 1, the US will institute a 10 percent tariff on Chinese imports.

This tariff is much smaller than many tech companies previously feared -- further 25 percent tariffs were expected -- but this change will still likely have a significant impact on the bottom line of several US-based companies; many of which outsource a large portion of the production and manufacturing aspects of their business to China. Notebook makers, in particular, have already begun to stockpile product in anticipation of these tariffs.

So, why does this matter to you, the consumer? Well, it's very unlikely that tech companies (or companies in general) will be willing to simply eat the extra expenses these tariffs present. Customers can certainly expect any additional costs to be passed on to them in the form of higher price tags on their favorite devices or products.

Our representatives have just returned from China where they had constructive talks having to do with a future Trade Deal. We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing. More recently, China agreed to...

— Donald J. Trump (@realDonaldTrump) August 1, 2019

Sony has already promised higher PlayStation 4 prices for users if China and the US don't resolve this trade war soon, and other companies (including competing console makers) will undoubtedly follow suit.

Of course, it's not our place to say whether or not the trade war will be good or bad in the long run -- consumers and government officials must make that decision for themselves. However, whether you're pro-tariff or the opposite, it'll certainly be interesting to see how this trade war concludes in the coming months or years.

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https://www.techspot.com/news/81259-trump-announces-additional-10-percent-tariff-chinese-imports.html

 

[Aus spot]

Love the x in the document. Gives the impression the editor never proof read the article.

 

[psycros]

Trump said from the start the tariffs would be "reciprocal", I.e. matching the tariffs China places on virtually all imports except certain agricultural products. That's about where we should be at now. I can't even fathom the mindset of someone who thinks a level economic playing field is a bad thing for America.

 

[Reallyhow]

The sensible thing to do would be to freeze and seize his family's assets, and use them to compensate the American people for the damage these tariffs are doing.

 

[cliffordcooley]

compensate the American people for the damage these tariffs are doing.

The damage was done decades ago when American made products started dwindling to nothing. We are already handicapped and you don't see it.

 

[loki1944]

The sensible thing to do would be to freeze and seize his family's assets, and use them to compensate the American people for the damage these tariffs are doing.

What, like standing up to China raping us economically?

 

[Polycount]

Love the x in the document. Gives the impression the editor never proof read the article.

Apologies, that was my mistake. Whenever I discuss a specific time frame that I'm not previously certain of (I couldn't recall specifically when the "trade war" began, in this case), I leave a placeholder early on and fix it while proofreading and researching. I missed it this time. Thanks for catching that, I've fixed it.

 

[Aus spot]

Apologies, that was my mistake. Whenever I discuss a specific time frame that I'm not previously certain of (I couldn't recall specifically when the "trade war" began, in this case), I leave a placeholder early on and fix it while proofreading and researching. I missed it this time. Thanks for catching that, I've fixed it.

As do I.

Just a personal vendetta against the lack of QC across all journalism. My favourite is news.com.au Australia's biggest news site. Full of typos, duplicated paragraphs and non factual reporting.

 

[Polycount]

As do I.

Just a personal vendetta against the lack of QC across all journalism. My favourite is news.com.au Australia's biggest news site. Full of typos, duplicated paragraphs and non factual reporting.

No worries. I'm well aware of the general sentiment many people hold toward the profession. I do at least try to fix mistakes when they're pointed out, and usually I catch it first.

 

[EClyde]

The sensible thing to do would be to freeze and seize his family's assets, and use them to compensate the American people for the damage these tariffs are doing.

Baloney

 

[EClyde]

There is only one superpower

 

[dirtyferret]

The orange turd told his racist followers last night not to worry about the tarrifs as China pays them...

 

[tkabou]

The orange turd told his racist followers last night not to worry about the tarrifs as China pays them...

China does pay them, you just don't understand how tariffs work. Your comment shows your mental age, but kudos for watching his MAGA rally -us "racist followers" appreciate it.

 

[dirtyferret]

China does pay them, you just don't understand how tariffs work. Your comment shows your mental age, but kudos for watching his MAGA rally -us "racist followers" appreciate it.

I write a check for tarrifs each week as we import goods from China from several factories so I know EXACTLY how tarrifs work unlike you snowflakes. China does not pay a dime, we pay the tarrifs and then pass the cost on to you.

 

[cliffordcooley]

we pay the tarrifs and then pass the cost on to you.

We are not paying a dime more, than it would have cost us to make the products ourselves. I seriously don't care if prices go up. Prices need to continue going up until we start seeing more American made products again. Sadly we have not reached that point yet, because manufacturers still see cheaper options in other countries.

 

[dirtyferret]

We are not paying a dime more, than it would have cost us to make the products ourselves.

Obviously your Trump U economics education is paying off...

 

[cliffordcooley]

If you would rather pay China for their products, you have no pride in America. You can say what ever you want about Trump. Your words tell me all I need to know about you.

 

[dirtyferret]

If you would rather pay China for their products, you have no pride in America. You can say what ever you want about Trump. Your words tell me all I need to know about you.

Your merica first attitude is truly patriotic! as you type away on your phone/laptop/tablet/computer (with parts all made in China), watch on a monitor (made in china), and send your wi-fi signal to a router (made in china), through cables (good amount made in china) and the finally the server(s) (parts all made in china) that host this very web site.

 

[UltraModernGuy]

Don't forget all the Trump MAGA swag made in China. Pwn those libs! derp.

 

[Cubi Dorf]

Nobody likes to paying taxes, but it part of modern life. They tax gas, income money, property and all kind stuff so why not technology? I don’t care about US politics but it seem like a lot of whining about something (paying taxes) that’s been part of life since before year 0.

 

[cliffordcooley]

Your merica first attitude is truly patriotic! as you type away on your phone/laptop/tablet/computer (with parts all made in China), watch on a monitor (made in china), and send your wi-fi signal to a router (made in china), through cables (good amount made in china) and the finally the server(s) (parts all made in china) that host this very web site.

Which is why I'm so disgusted and stand in support of any President that will stand for us. Technically it is not China Trump is in protest against. It is big business that supports non-American labor.

Your merica first attitude is truly patriotic!

And to be honest I'm not all that patriotic. I hate people that think the flag is more than a piece of fabric. As I look around I see people struggle every day because allot of our potential jobs have gone over seas. Nothing patriotic about wanting those jobs to come back home.

 

[loki1944]

If you would rather pay China for their products, you have no pride in America. You can say what ever you want about Trump. Your words tell me all I need to know about you.

Well said.

 

[wiyosaya]

American companies choose to have American products made in China thus shipping American jobs overseas and real Americans blame China for this?

Total bullcrap!

 

[Evernessince]

we pay the tarrifs and then pass the cost on to you.

We are not paying a dime more, than it would have cost us to make the products ourselves. I seriously don't care if prices go up. Prices need to continue going up until we start seeing more American made products again. Sadly we have not reached that point yet, because manufacturers still see cheaper options in other countries.

Correct, you'd have to impose something like a 200% tariff on all foreign countries just to make it worthwhile to produce in the USA. At that point you have to ask yourself if the minimum wage jobs that would bring are worth the hassle. Not to mention the certain retaliatory tariffs. I'm pretty sure there aren't enough unemployed Americans to even fill those jobs. Jobs aren't the problem in the US, getting enough money to live a decent life is. Increasing the cost of goods for everyone while offering nothing but jobs that can't pay enough money to live off is not a solution, it's just kicking everyone further down the hole.

At this point whatever deal that is cut needs to be fruitful for the american people as the increased cost of goods, farmer bailout, and loss of trade contracts are effecting Americans now and will continue to do so in the future. If this turns out like the NAFTA deal trump cut with Canada, getting pennies on the dollar for the dairy industry does not nearly begin to cover the cost of the dispute.

 

[rub900]

Trump said from the start the tariffs would be "reciprocal", I.e. matching the tariffs China places on virtually all imports except certain agricultural products. That's about where we should be at now. I can't even fathom the mindset of someone who thinks a level economic playing field is a bad thing for America.

But it not level. China announced they would start buying wheat and soybeans from Russia. I live in Arkansas and soybean farmers are going bankrupt. The farmers were told by the government they could not rely on the cash subsidies tRump gave out earlier this year. They were told to either find a new market or grow something else. So I would not tell a farmer in Arkansas how even it is. You might get hurt.