Apple may be the biggest U.S. corporate casualty once tariffs on $300 billion more Made in China goods takes place.
A woman using a smartphone outside a Huawei store in Beijing. U.S. companies supplying microprocessors for Huawei telecommunications equipment, including its smartphones, are required to get permission from Washington before doing so. photo credit: ASSOCIATED PRESSBesides recent announcements to curtail purchases of U.S. semiconductor and microprocessors for use in Chinese telecommunications and surveillance equipment, more tariffs are in the works.
China’s export growth to the U.S. is down 10.1% annualized over the same period. China’s imports from the U.S. dropped at a much faster pace to -30.2% annualized in the January-April 2019 period compared to a 13.6% growth rate in the second quarter of 2018. Growth in China’s crude oil imports from the U.S. slumped 95.2% annualized in the fourth-quarter 2018, mostly due to front-loading shipments in the previous quarter, based on Nomura’s findings.Apple CEO Tim Cook. His company might be the most visible casualty in the trade war. The Department of Commerce put Chinese tech companies that make surveillance and telecom equipment on notice.
According to China’s National Bureau of Statistics, China produced 1.8 billion mobile phones last year, down from 2.3 billion in 2016. Around 76% of those were smartphones. But for now, most of those shipments are of Apple iPhones. China’s exports of iPhones to the U.S. were $31 billion in 2018, accounting for 6.5% of China’s total exports to the U.S. last year, which came in at $478.4 billion, according to the U.S. Census Bureau. It was another record-breaking year for China exports and trade gaps between the two countries.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
China cancels U.S. pork import order as U.S.-China trade war drags onThe same week U.S. President Donald Trump announced sweeping increases on tariff...
Weiterlesen »
Senate considering South China Sea sanctions on China as massive trade war rattles relationsThe legislation would force the government to seize financial assets and revoke or deny visas of individuals involved in expansionary Chinese policy.
Weiterlesen »
Trade War Update: China Throwing More Lifelines, Apple In TroubleApple may be the biggest U.S. corporate casualty once tariffs on $300 billion more 'Made in China' goods takes place
Weiterlesen »
Trump's Huawei ban escalates the US-China trade war into a tech Cold WarThe Huawei ban shows Trump is trying to cripple Chinese companies around the world not just in the US. The trade war is small compared to that.
Weiterlesen »
Are 'Game of Thrones' and 'Avengers' latest victims of the US-China trade war?Westeros may have survived an invasion of White Walkers, but 'Game of Thrones' may have fallen victim to the current trade war between the U.S. and China.
Weiterlesen »
Perspectives: The US-China trade war hurts American familiesTrump promised that 'trade wars are good and easy to win' and that China, not the United States, would bear the tariff burden. But these tariffs burden American households and producers and offer no relief from the problems they were supposed to solve, writes Mary E. Lovely, a professor of economics at Syracuse University.
Weiterlesen »
As the trade war heats up, China looks to Japan’s past for lessonsJapan feared that the deal with America would cause its growth to suffer; China fears the same about the absence of a deal
Weiterlesen »
Maine lobster industry drowning in US-China trade war - CNN VideoCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Weiterlesen »
Breakingviews - China exhibits worrying trade war restraint(Reuters Breakingviews) - China is exhibiting some worrying trade war restraint....
Weiterlesen »
Amazon is the third superpower heightening the drama of the U.S.-China trade warSmall and mid-sized firms — which buy from China and sell to big retailers — are absorbing the cost of the tariffs.
Weiterlesen »
U.S. business group says retaliation rising in China amid trade warA top U.S. business lobby in China said on Wednesday that nearly half of its mem...
Weiterlesen »