[ad_1] The Wall Street Journal reports that while 25 percent US tariffs on some Chinese products will remain in place, a tariff that took effect on September 1st will now be cut in half to 7.5 percent. The Office of the US Trade Representative released a fact sheet (PDF) stating the deal included commitment by […]
Category: tariffs
Apple gets US approval for Mac Pro tariff exemptions
[ad_1] Reports have circulated that Apple was moving production to China, but that’s not necessarily the case. Tim Cook mentioned during Apple’s latest earnings call that the company wanted to keep making Mac Pros in the US and was investing in additional capacity. Even if Apple does assemble the reworked Mac in the US, though, […]
Tariffs hit Apple and other tech companies tomorrow
[ad_1] The tariffs will also affect a range of components, including cameras, flash storage, optical discs (like Blu-ray and DVD) and lithium-ion batteries. A further wave of tariffs affecting prices for phones, laptops, consoles and other tech is due on December 15th barring negotiation. It’s uncertain if Apple or other companies will raise prices to […]
China gives Tesla a pass on trade-war tariffs
[ad_1] Earlier this month, China said it would reinstate some car tariffs it paused in April, including a 25 percent levy on vehicles from the US and a five percent tariff on auto parts. They’re set to come into force December 15th as part of a wave of tariffs China announced in response to the […]
China’s latest retaliatory tariffs could pose trouble for Tesla
[ad_1] While Tesla does have a factory in Shanghai, it’s not expected to start producing cars until later in 2019. Until it ramps up in earnest, the company will have to import EVs. BMW and Mercedes, meanwhile, ship many SUVs to China from American plants. The new round of tariffs also slaps 5 percent more […]
Trump announces more tariffs on goods made in China
[ad_1] …buy agricultural product from the U.S. in large quantities, but did not do so. Additionally, my friend President Xi said that he would stop the sale of Fentanyl to the United States – this never happened, and many Americans continue to die! Trade talks are continuing, and… — Donald J. Trump (@realDonaldTrump) August 1, […]
Lenovo fuels the first PC sales increase in six months
[ad_1] IDC and Gartner count shipments slightly differently, but IDC saw “high single-digit” US growth and Gartner saw a slight sales decline stateside. The number of units shipped went up for both desktop and portable PC models, according to IDC. Apple’s MacBook keyboard problems may or may not have affected worldwide shipments, which were flat […]
Trump to lift some restrictions on Huawei as part of China truce
[ad_1] The change of heart leaves Huawei highly restricted. It’s still on the Commerce Department’s Entities List, preventing it doing business with US companies unless there’s explicit government approval. Trump said the US would decide on removing Huawei from the list later, and noted that there was a meeting to discuss the subject on July […]
Tariffs are forcing Big Tech to move production out of China
[ad_1] Last month, the US increased import tariffs on certain Chinese goods from 10 percent to 25 percent. If the tariff hike goes through, items like motherboards, smartphones, video game consoles and computers could be subject to the 25 percent tax. At that rate, Nintendo might be forced to sell its consoles at a loss […]