The US announces the timeline for 25% tariff on Chinese tech productsUnited States has taken of imposing 25 percent tariff on $50 billion of Chinese high-tech goods Which will affect the international market adversely
But the debate on what products should be included is going on and the products and boundaries are yet to be cleared out. The final list of products which will have taxes will be released on 15th June. Till then there is no clarification on the types of products. The packaged tariffs may differ which will be in accordance with the aluminum and steel production
Externally, the U.S. and China are engaged in a protracted multi-dimensional negotiation over the status of trade between the two countries. That includes both the approval of Qualcomm’s merger with NXP from the U.S. side, as well as re-authorizing a tech export license to China’s telecommunications manufacturer ZTE on the Chinese side. Expect more announcements and counter-announcements to come in the coming weeks as these negotiations continue.
tech companies and startups, the uncertainty and lack of clarity around these tariff policies is difficult to manage. some companies in the tech world might face heavy difficulties after imposing of this law