Author: Russell Brandom
For months, tech companies have been worried about looming tariffs on $200 billion in Chinese imports, raising prices on crucial tech products by as much as 25 percent. Today, the industry finally got some good news: according to a Bloomberg report, the final tariff list won’t include devices that receive and transmit voice data, a category that includes the Apple Watch, Fitbits, Sonos Speakers, and a host of other fitness trackers and home assistants.
The White House recently backed down on the rate at which the imports would be taxed. Over the weekend, The Wall Street Journal reported that listed goods would likely be taxed at only 10 percent. As recently as August, President Trump had considered setting the rate at 25 percent.
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For months, tech companies have been worried about looming tariffs on $200 billion in Chinese imports, raising prices on crucial tech products by as much as 25 percent. Today, the industry finally got some good news: according to a Bloomberg report, the final tariff list won’t include devices that receive and transmit voice data, a category that includes the Apple Watch, Fitbits, Sonos Speakers, and a host of other fitness trackers and home assistants.
The White House recently backed down on the rate at which the imports would be taxed. Over the weekend, The Wall Street Journal reported that listed goods would likely be taxed at only 10 percent. As recently as August, President Trump had considered setting the rate at 25 percent.
Customs...
Continue reading…
Continue reading...