Apple Watch, AirPods excluded from next round of tariffs says new report

Apple Watch, AirPods excluded from next round of tariffs says new report

Trade officials from the European Union, U.S. and Japan meet again next week for talks aimed at easing trade tensions.

Beijing has said it would also unleash "qualitative" measures against the United States, which some American firms have interpreted as heightened regulations and stalled visas.

Trump today threatened to raise the stakes again if Beijing should retaliate, adding a further $267 billion in Chinese imports to the target list.

The latest US duties spared smart watches from Apple (AAPL.O) and Fitbit (FIT.N) and other consumer products such as baby vehicle seats. "My administration will not remain idle when those interests are under attack".

US tariffs on Chinese goods have steadily expanded to include more types of product over the last few months.

The lower tariff rate could soften the blow ahead of key United States congressional elections in November.

The U.S.is levying a ten percent tariff on these imports starting September 24 and continuing at that rate until the end of 2018.

FedEx (FDX) held its earnings call just as the Trump administration was announcing more tariffs on Chinese goods worth $200 billion that will take effect next week.

Wanting to say good-bye to China?

"We have been very clear about the type of changes that need to be made, and we have given China every opportunity to treat us more fairly". The government already has been ramping up spending on infrastructure.

"The downward spiral that we have previously warned about now seems certain to materialize", said William Zarit, the chamber's chairman.

The US also chose to remove at least one category where China accounted for no exports past year and is not expected to account for any in the near future: electrical energy.

In a statement Trump said the tariffs were the result of an investigation which found China had engaged in unfair trade and intellectual property practices for many years.

"China's scope to retaliate is surprisingly limited however, especially since the outbreak of swine flu, which will anyway push up CPI inflation", Beamish said, referring to the deadly swine fever strain that is seen impacting Chinese pork prices.

Fang told the Tianjin forum that he hopes the two sides can sit down and talk, but added that the latest USA move has "poisoned" the atmosphere.

Trump's top economic advisor, Larry Kudlow, said in NY on Monday: "We stand ready to negotiate with China any time if they are willing to move towards serious talks to remedy trade problems".

The Associated Press reported that the Chinese government announced a "tariff hike on $60B of US products in response to Trump duty increase in technology dispute".

"Tensions in the global economic system have manifested themselves in the U.S". Apple Chief Executive Tim Cook had dinner with US President Donald Trump last month, though neither gave details of discussions.

The new China tariffs caused a small sell-off in U.S. markets.

Chinese authorities have yet to confirm what steps aside from retaliatory tariffs they might take. Now Beijing is poised to impose higher border taxes on a total of $110 billion in USA products.

Technology and retail groups had argued that the tariffs would hit consumers hard.

"We appreciate the Trump Administration removing consumer connected devices, the largest tariff code CTA identified in our USTR comments".

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