Caixin
Mar 24, 2018 05:50 AM
BUSINESS & TECH

Chinese Mobile Phones, Laptops Unlikely to Be Hit by New U.S. Tariffs, Analysts Say

China exported 130 million mobile phones valued at $31.2 billion to the U.S. in 2017. Above: a mobile phone assembly line in China. Photo: VCG
China exported 130 million mobile phones valued at $31.2 billion to the U.S. in 2017. Above: a mobile phone assembly line in China. Photo: VCG

American consumers aren’t likely to face higher prices for iPhones and laptops because of U.S. President Donald Trump's planned tariffs on goods imported from China, industry experts predict.

Trump announced on Thursday plans to slap an import tax of 25% on about $60 billion of annual imports from China, citing intellectual property violations.

It’s still not clear which products will be targeted. Trump gave U.S. Trade Representative Robert Lighthizer 15 days to release a target list, followed by a 30-day public comment period. But the majority of products affected are expected to be from the high-tech sector.

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