Trump delays China’s tariff for another 90 days

President Donald Trump has signed an executive that extends a lesser tariff with China for another 90 days, CNBC Reports. The new executive order was signed before Previous agreement It was scheduled to end on August 12 in the middle of the night.

The extension will maintain the current tariff by 30 percent on goods from China, while representatives of both countries negotiate a new trade deal. The previous agreement reduced US definitions from 145 percent to 30 percent, and Chinese definitions decreased from 145 percent to 10 percent.

At that time, it was not clear how this step would affect the price of electronics manufactured in China, but for at least some companies, still lead to high costs. While the price of the switch 2 remains the same, Nintendo announced at the beginning of August that the price of the key 1 will increase by $ 40 or more. Sonos He said that some of her products will increase in the price, but did not share the details. both of them Dji and Microsoft Prices have been announced on some of its products in May as well.

For companies that make products abroad, it appears that the sudden commercial policy in the Trump administration seems difficult to deal with as the customs tariff itself. This wrong protection is the reshaping of global trade, and also won the privileges of companies that are trying to do business as usual. Apple is committed to spending An additional $ 100 billion The United States must manufacture last week to avoid definitions. Early today, both AMD and Nvidia Rose agreed To pay 15 percent of their profits to allow the sale of graphics processing units in China.