Trump threat of more China tariffs could hit consumer goods before Christmas

WASHINGTON - US President Donald Trump's threat to jack up US tariffs on Chinese goods if the world's 2 largest economies fail to reach a trade deal could raise the price of cellphones, laptops, and toys less than 2 weeks before Christmas.

Trump's threat was a reference to previously announced 15-percent tariffs on about $156 billion worth of Chinese-made consumer goods scheduled to take effect on Dec. 15, according multiple trade experts and a source close to the White House. Known as the "4B" list of goods, those tariffs would hit video game consoles, computer monitors, Christmas decorations and other items often given as gifts.

More so than previous tariffs, these would hit consumers particularly hard at a sensitive time, he said. "Trump does not want to do that right before Christmas. The optics would be terrible," he said. "We're in sort of a dangerous moment because both sides feel they have the upper hand, but I don't think the talks have collapsed," Reinsch said.

A 15 percent tariff on about $125 billion of goods that went into effect on Sept. 1, including flat-panel television sets, flash memory devices, smart speakers, Bluetooth headphones, bed linens, multi-function printers and many types of footwear, could also be increased, trade experts said.

This news bit has direct relation only to consumer goods coming into the US. This doesn't affect consumer goods coming into the Philippines. This fact is sadly removed from your headline. People reading it will have a grossly wrong understanding of the situation.

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