Trump delays the Chinese rate increases by an additional 90 days

President Donald Trump has signed an executive decree extending the lower rates with China for 90 days, CNBC reports. The new decree was signed before the previous agreement was to end on August 12 at midnight.

The extension will maintain the current rate of 30% on goods from China while representatives of the two countries negotiate a new trade agreement. The previous agreement has reduced American rates by 145% to 30%, and Chinese prices from 145% to 10%.

At the time, it was not clear how the move would have an impact on the price of electronics manufactured in China, but for at least some companies, this is always trained at higher costs. Although the price of switch 2 remains the same, Nintendo announced in early August that the price of switch 1 would increase by $ 40 or more. Sonos said some of its products would increase the price, but had not shared details. Both Dji And Microsoft announced price increases on some of their products in May also.

For manufacturing companies abroad, sudden issues in the Trump administration’s commercial policy seem almost as difficult to manage as the prices themselves. This erratic protectionism reshapes world trade, and it has also won concessions from companies trying to do business as usual. Apple is committed to spending Additional $ 100 billion On American manufacturing last week to avoid being subject to prices. And early today, AMD and NVIDIA would have been agreed To pay in the United States, 15% of their profits to be authorized to sell GPUs in China.