President Donald Trump’s administration is reportedly readying a new round of tariffs on Chinese imports, including Apple products. The new tariffs will be levied if an upcoming meeting with Chinese President Xi Jinping fails to ease trade tensions.
Presidents Donald Trump and Jinping are coming together for a sit down next month during a Group of 20 summit set in Buenos Aires to talk over a myriad of topics. If those talks don’t go in a positive direction, it could see the U.S. imposing tariffs on the remaining goods imported from China that have so far escaped taxation, reports Bloomberg. That includes Apple products which have largely gone unaffected in the first rounds of levies.
The Trump administration has already levied tariffs on $250 billion of trade with China. The day after the first $200 billion of tariffs were announced, China countered with $60 billion in tariffs on U.S. goods.
Apple products were not included in the first U.S. tariffs, but could be affected in the next round of tariffs.
The new tariffs would go into effect following a 60-day public opinion window. The $200 billion September tariffs that were put in place in September are set to increase from 10% to 25% on January 1, 2019.