New Tariffs Could Raise Console Prices in the US

New Tariffs Could Raise Console Prices in the US

New Tariffs Could Raise Console Prices in the US

Speaking to The Wall Street Journal in an interview published on Monday, Tiankai discussed the ongoing trade tensions between Washington and Beijing, as well as continuing negotiations and the planned summit between Chinese President Xi Jinping and Trump during the G-20 summit in Argentina at the end of this month.

"If need be, if things don't work out in this U.S".

The Wall Street Journal said the administration has been anxious about a consumer reaction to such levies.

"If we don't make a deal, then I'm going to put the..." He said it was "highly unlikely" he would accept China's request to hold off on the increase, planned for January 1. Washington and Beijing remain at odds on key issues such as US accusations of intellectual property theft and forced technology transfer, he said. "We have an opportunity to extend that optimism, break some new ground", Kudlow said.

Kudlow added that if the USA doesn't get "satisfactory" responses to its trade positions more tariffs will be imposed. The president said the tariffs rate could be 10 percent or 25 percent.

Cellphones and computers, among China's biggest exports to the United States, have thus far been spared as the administration has sought to minimise the impact on USA consumers.

The Trump administration has blasted Moscow's latest actions in Ukraine, a former Soviet republic, but the president himself has given a far lower key response.

"Maybe. Maybe. Depends on what the rate is", Trump said, talking about phones and laptop computers.

Iphone Battery Replacement Program
Business Insider

Trump mentioned Apple's iPhones and laptops as consumer goods that might be subject to tariffs.

"I don't want to go overboard, but he's indicated some optimism".

Asked whether the two sides had agreed on a list of agenda items for the leaders to discuss, Kudlow said: "We're in some significant preparation on all that".

Last week, Washington proposed stepping up scrutiny over technology exports in 14 key high-tech areas including artificial intelligence and microprocessor technology, a move many analysts believe was directly aimed at China.

U.S. President Donald Trump is open to reaching a deal on U.S.

'We can buy from Japan and South Korea or develop our own.

Asked point-blank if he can count on Trump, Poroshenko answered diplomatically: "This is the global obligation of the United States".

Reports suggest that the U.S. government and China are close to closing a deal which could help reverse ZTE's failing fortunes. Once the chain is broken, the United States would be affected too'.


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