This post was edited by tenderloin at 2018-8-31 04:00
Upcoming $200 billion tariff exempts cellphone and laptops.
US trying to protect Qualcomm in cellphone and Intel/AMD in laptops.
So only hurting US tech will make US feel the pain, not soybean, agriculture, energy, etc. Those US doesn't care as much.
Basically, US wants China to remain in low ended subassembly work for US high tech. This area US leaves China alone.
Things like furnitures, toys, textiles with no US components or tech will get hit. US consumers will paid heavier price, but US trade Hawks want to hollow out China industries that don't serve US tech.
China should put up big tariff on US components bringing in from Taiwan or US for assembly work and export to US.
China government can collect tariff and made US consumers pay. Other places like South East Asia can't handle that kind of volume
Author and columnist Gordon Chang said on Sunday that President Trump should impose the tariffs on $200 billion worth of Chinese goods, a plan he has reportedly considered moving on in the coming week.
“He should do it at the 25 percent rate, rather than the 10 [percent rate],” Chang, author of “The Coming Collapse of China,” said during an interview on “Sunday Morning Futures.” “I would even go higher, and the reason is the Chinese have been stealing hundreds of billions of dollars of U.S. intellectual property each year. That’s what these tariffs are intended to remedy. And the Chinese are not stopping. So clearly we’ve got to make the costs higher.”