April 7, 2025, 2:08 pm
In a dramatic escalation of trade tensions, President Trump has warned that if China does not reverse its tariff increases, U.S. authorities will impose an extra tariff boost raising rates to 104%. The move has rattled investors and sent major tech stocks, particularly Apple’s, into a free‐fall as analysts predict severe supply‐chain and pricing repercussions. Industry observers now fear an extended escalation that could ripple across global markets.
President Trump plans to raise tariffs on Chinese imports by 50%, increasing the rate from 54% to 104%, with the extra cost expected to be passed on to buyers.
The president just keeps introducing more chaos.
President Trump is raising tariffs by an additional 50% in retaliation against China's response to his earlier measures, warning that any extra tariffs against the U.S. will trigger even higher punitive tariffs.
permalink / 3 stories from 3 sources in 15 days ago #techpolicy #apple #china #semiconductors #ecommerce
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