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US tech firms feel pinch from China tariffs
The price of China-made smartphones, TVs and laptops could rise in the US and elsewhere, experts warn.
While many American companies like Austere have diversified their supply chains away from China since Mr Trump's first term, countries such as Thailand, Taiwan and Vietnam still do not offer the same manufacturing capabilities and expertise. In February, Taiwanese firm Acer said the price of its laptops would likely rise by 10% based on the 10% duties in place on China at the time, while US group HP has warned its profits would be lower because of the tariffs. China, Mexico and Canada have vowed to retaliate against any US duties imposed on them, and this week Mr Trump threatened to double tariffs on Canadian steel and aluminium only to row back at the last minute.
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