Friday, 13 July 2018

China Can Hit U.S. Tech Firms Where It Hurts in Tariff Response

China Can Hit U.S. Tech Firms Where It Hurts in Tariff ResponsePresident Donald Trump’s latest move to ratchet up tariffs on Chinese goods raises the specter that China could strike back by tripping up U.S. companies doing business in the Asian nation -- and tech is especially vulnerable. On Tuesday, the U.S. said it will impose a 10 percent tariff on $200 billion of Chinese-made products, from food to electronics by Aug. 30. China’s imports from the U.S. aren’t large enough to match Trump’s tariffs dollar for dollar, but the country has other levers it could use, such as imposing new taxes and added regulation on U.S. companies that already operate in China, or encouraging citizens to boycott American products.