President Trump has told Wall Street Journal he expects tariffs to be placed on all Chinese imports, including goods like iPhones. This can increase the cost of an iPhone by 10 percent, a trip like Trump thinks would not be a problem. "People could stand very easily," Trump told Journal .
The news comes four days before a summit between Trump and Chinese leader Xi Jinping. China's top priority for the Summit is to try to persuade the United States not to implement a planned tariff increase set to kick in January, which would increase existing tariffs of 200 billion Chinese goods to 25 percent. Trump says that Beijing's request to keep up with this increase is "highly unlikely."
If negotiations do not care, it would be likely that tariffs will also be imposed on Chinese imports of $ 267 billion that remain untaxed , which will include Apple devices and other technical products. Trump has not decided whether the price for these new tariffs will be 1
This new tariff may affect many hardware-producing technology companies and increase the price of goods like Apple's iPhones and laptops imported from China. When asked, consumers would have a side effect on paying more for these product types, Trump said, "Maybe. Could be. Depending on what speed is." The 10 percent rate, he said, can be "very easy" shouldered by consumers.
Trump suggested that companies consider moving facilities if they want to avoid steep tariffs. "What I recommend is that they will build factories in the United States and make the product here," he told Journal . "And they have many other options."
Xi and Trump will meet at the G20 summit in Argentina later this week.