August 31, 2019

If you need a new television, you might want to consider buying it sooner rather than later.

The U.S.-China trade war will enter into a new phase starting this Sunday that will start hitting consumers’ wallets. The Trump administration will raise tariffs on billions of dollars of imports from China starting Sunday, according to an official announcement in the Federal Register. 

That means that when an electronics company imports a TV, or a smart speaker, or a drone from China starting September 1, it will have to pay a 15% tax to the U.S. government.

Read more:

https://www.cnbc.com/2019/08/31/the-trade-war-has-already-cost-electronics-companies-10-billion.html