Trump is mulling tariffs on imports of Chinese consumer technology. That could well backfire.
The news: Bloomberg says that the president’s new tariffs could be extended to hit imports to the US beyond aluminum and steel. That could include electronics, to “punish Beijing for its alleged theft of intellectual property.”
The impact: Gadfly notes that firms like Amazon and Apple, which build devices in China, may have to hike US prices if that happens. It may also push foreign firms to manufacture in America, and encourage China to impede sales of US hardware while pushing its own.