New US Tariffs Will Hit China's Tech Sector

US President Donald Trump tweeted Thursday a plan to impose 10 percent tariffs on an additional $ 300 billion of imports from China starting September 1, affecting products such as laptops, tablets and smartphones.

Analysts said Friday that an additional 10 percent tariff imposed on US $ 300 billion of Chinese goods will affect the consumer technology sector in the second half of this year.

While manufacturers of consumer-oriented goods, including electronics companies, are likely to pass tariffs on to their customers, higher fees will still drive up prices and thus negatively impact the overall level. analysts say the demand is in the end market.

This came after a decision was taken in May to raise tariffs on Chinese goods by US $ 200 billion from 25 percent to 25 percent, affecting electronics, cars, cars, bicycles, petrochemicals, steel, machine tools, hand tools, plastics, as well as metal products.