Trump delays China tariff increases by another 90 days
President Donald Trump has signed an executive order extending lower tariffs with China for another 90 days. This decision maintains the current 30% tariff on goods from China while representatives from both countries negotiate a new trade deal. The previous agreement had lowered US tariffs from 145% to 30% and Chinese tariffs from 145% to 10%. The extension will impact the pricing of electronics manufactured in China, with companies like Nintendo, Sonos, DJI, and Microsoft announcing price increases on some of their products. This erratic protectionism is reshaping global trade, leading companies to make concessions, such as Apple's commitment to spend an extra $100 billion on US manufacturing to avoid tariffs, and AMD and NVIDIA's agreement to pay the US 15% of their profits to sell GPUs in China.
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