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Trade war will cost electronics manufacturers $ 10 billion

UNITED STATES, WASHINGTON (OBSERVATORY) — his figure was named in the Consumer Technology Association, which unites 2.2 thousand companies.

According to estimates by the Consumer Technology Association, which unites 2.2 thousand companies in the United States, the trade war between China and the United States since July 2018 has already cost manufacturers of consumer electronics $ 10 billion.

“Americans are already prepared for Christmas gifts. they will cost more. Now the president’s decision to raise duties again means an even bigger headache for American business, workers and families, “said Gary Shapiro, head of the association. He noted that at least $ 1 billion came from products associated with 5G networks.

At the same time, according to the association, a new increase in duties on Chinese imports to 15%, introduced by the United States on September 1, will cost buyers of televisions and digital cameras. Bluetooth headphones, smart watches and fitness trackers for an additional $ 52 million.

From September 1, the United States and China conducted a mutual increase in import duties. On Sunday, the Trump administration announced an increase in tariffs on Chinese imports by $ 112 billion. Literally a minute later, China responded by raising tariffs on $ 75 billion.

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