Timely Trump tariffs tax tech totally: 25 per cent levy
Found on The Register on Saturday, 11 May 2019
The ramping up of tariffs come in an apparent game of high-stakes chicken between President Trump and the Chinese government. Trade talks, soon coming to a conclusion between the two sides, may make for good TV but are causing concern for American businesses who will have to pay significantly more for essential imported components and equipment.
China responded to the latest tariffs this week by saying that it "deeply regrets that it will have to take necessary countermeasures," and hopes that "the US and the Chinese side will work together and work together to resolve existing problems through cooperation and consultation."
Yes, global economy is so weak that a single person can put a dent into it. Countries should prefer to be less depending on others and support their own industry.