Thomas Peter-Pool/Getty Images
US President Donald Trump and China's President Xi Jinping (not shown) make a joint statement at the Great Hall of the People on November 9, 2017 in Beijing, China. Trump is on a 10-day trip to Asia.
- President Donald Trump slapped another round of tariffs on $300 billion of Chinese goods on September 1, escalating the ongoing trade battle with a tax that will affect nearly every item China ships to the United States.
- The 15% tax covers a wider range of consumer products than previous rounds of tariffs, includes flat panel TV sets, cotton sweaters, printers, smart watches, smart speakers, and Bluetooth headphones, Reuters reported.
- Apple is a major company that's been particularly hit hard with the Sep. 1 tariffs, with some of its popular products like the AirPods and Apple Watch now subject to the punitive tax.
- Here's how the ongoing trade war with China is affecting six top American technology companies and their consumers.
- Visit Business Insider's homepage for more stories.
President Donald Trump slapped another round of tariffs on $300 billion of Chinese goods on September 1, escalating the ongoing trade battle with a tax that will affect nearly every item China ships to the United States.
The 15% tax covers a wider range of consumer products than previous rounds of tariffs, includes flat panel TV sets, cotton sweaters, printers, smart watches, smart speakers, and Bluetooth headphones, Reuters reported.
Apple is a leading company that's been particularly hit hard with the Sep. 1 tariffs, with some of its popular products like the AirPods and Apple Watch now subject to the punitive tax, though none have seen price increases so far. Dozens of technology companies have warned the Trump administration of higher prices for consumers if it moved forward with the tariffs.
The tariffs have cost the electronics industry $10 billion since July 2018, according to the Consumer Tech Association.
In early 2018, the Trump administration embarked on a trade war with the world's second largest economic power, seeking to secure additional protections for American intellectual property and fairer treatment from China. But its combative strategy has proved fruitless so far: negotiations on a deal have stalled and both sides have escalated the trade war with additional tariffs in recent weeks.
Here's how the ongoing trade war with China is affecting six top American technology companies and their consumers.
Get the latest Google stock price here.