Laptops, Phones and Sweaters in Crosshairs for Tariffs

Laptops, Phones and Sweaters in Crosshairs for Tariffs

(Bloomberg) -- So far in the trade war with China, President Donald Trump has avoided putting tariffs on many consumer goods like cellphones, laptops, storage devices, toys, and some clothes. That may be about to change, if talks with Xi Jinping planned for the end of the month don’t lead to a deal. If Trump follows through on his threat to impose import taxes on these goods, $44.5 billion dollars worth of phones could be hit, as would more than $12 billion dollars worth of toys.

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