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Tariffs on cell phones, computers harm US consumers: report [Copy link] 中文

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Post time 2019-6-19 17:06:33 |Display all floors


US additional tariffs on imports of consumer electronics products from China would have a "substantial negative impact" on American consumers, even after accounting for alternative sources of supply, said a US consulting firm.

Washington DC-based company Trade Partnership Worldwide LLC said this in a report as the White House is threatening to impose additional tariffs of 25 percent on US$300 billion in goods from China, including cell phones, laptops and tablets.

In the report prepared for the US Consumer Technology Association on Monday, the consulting firm estimated that if the new tariffs were imposed, the cost of cell phones imported from China would rise by 22 percent in the United States.

Also, the overall US prices for cell phones would rise by 14 percent, or nearly 70 dollars for the average retail price of a cell phone today, which will reduce the country's overall purchases by 28 percent, according to the report.

American consumers would pay over US$8.1 billion more for cell phones and it will be a net loss of US$4.5 billion for the US economy even after accounting for new tariff revenue, according to the report.

Plus, laptops and tablets will also see hikes across the board in both costs and prices. The cost of those imports from China will increase 21 percent while overall US prices will rise by 19 percent, or about US$120 for the average retail price of a laptop today and about US$50 for a tablet today.

American consumers would pay over US$8.2 billion more for laptops and tablets and it will be a net US$3.6 billion loss for the US economy even after accounting for new tariff revenue, according to the report.

The report also showed that shifting the supply to other countries will be difficult and cost a significant amount of money, with the burden carried mostly by US consumers.

China accounted for about 75 percent of the total cell phones and over 90 percent of the total laptops and tablets imported into the United States, according to Trade Partnership Worldwide.

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Post time 2019-6-20 11:45:18 |Display all floors
A foregone conclusion.
Believe it or not, it's true.

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Blogger of 2013

Post time 2019-6-26 14:10:12 |Display all floors
Trump isn't smart. He thinks he has some new inventive way of 'punishing' China. Just stupid.

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Rank: 8Rank: 8

Post time 2019-6-27 11:57:20 |Display all floors
MichaelM Post time: 2019-6-26 14:10
Trump isn't smart. He thinks he has some new inventive way of 'punishing' China. Just stupid.

well, I must say that I do not believe he's stupid...

   Like playing Chess, someone will be better-smarter or have the higher IQ by genetic design..

   Indeed, we humans are a pretty clever. Only a short time on our planet we've split the atom, traveled to space and continue to wipe ea. other out...
Forbes figures their research is convincing regarding IQ...
Seemingly, the Motherland's gen, set up is hard to beat...

Ranking

CountryAverage IQ

1

Singapore107.1

2

China105.8

3

Hong Kong105.7

4

South Korea104.6

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