With the new year, the United States will increase tariffs on products from China

For more than twelve months, the President of the United States, Donald Trump, wants to increase tariffs on Chinese components and equipment, which ultimately aims to increase production in the United States alone. In September of this year, Trump in social media announced that the above strategy had no appeal and would sooner or later impose additional amounts on Chinese developers, which will be lost by the producers themselves, but especially by the consumers. Indeed, we will have to face artificially inflated prices, which will undoubtedly be introduced, so that the companies will finally be the least losers. While we may hope that the President will withdraw from these projects, we should no longer be deluded, given his comments for the Wall Street Journal yesterday.

President Donal Trump admitted in an interview with the Wall Street Journal that it was unlikely that he would step down from the decision to increase tariffs on Chinese Apple products.

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The machine has moved. President Donald Trump has for some time mentioned the imposition of tariffs on Chinese products (ultimately iPhones and Apple notebooks) in order to deter the brand from manufacturing components outside the United States. Yesterday, in an interview with the Wall Street Journal, Trump once again pointed out that such a law would come into force with the new year. The duty is then to increase from 10 to 25% currently. The president took his plans in the following words: It is unlikely that I will withdraw from these assumptions.

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Already in September, the Trump administration following a trade war with China imposed a 10% tariff on Chinese products. Even then, there was also a warning that the rate could increase up to 25%, although the most likely version is a 10% increase, because – as the President of the States has said -United – such a price hike, citizens should accept without too much difficulty. On December 1, Trump will meet Chinese President Xi Jinping. So you can expect these negotiations to result in what you do later. customs issue and if the products with a quilted apple will only be more expensive.

Source: CNBC, Fortune,