The stock market has been particularly volatile as of late, which shouldn't come as much of a surprise given Donald Trump's penchant for making threats on Twitter about increasing import tariffs on Chinese-made goods. And while Trump has made similar threats before -- and not followed through with them -- it's no secret that investors have never particularly cared for uncertainty in the market.
"For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods," Trump said via Twitter last week. "These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars of additional goods sent to us by China remain untaxed, but will be shortly, at a rate of 25%."
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Here’s how Trump’s trade war with China might increase the price of the iPhone originally appeared on BGR.com on Wed, 15 May 2019 at 09:26:53 EDT. Please see our terms for use of feeds.
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