In light of the on-going China-US trade war, the latest round of tariffs targeting a total of USD$60 billion American products and USD$200 billion worth of Chinese goods went into effect on Monday which posed the potential to create a sharp increase on some consumer goods in each of the respective countries.
Last week, US President Donald Trump levied initial tariffs of 10 percent rate on USD$200 billion of Chinese imports which span from household items, sports items, industrial parts, and tech-related goods.
The US tariff rate is expected to climb up by up to 25 percent before 2018 ends.
Meanwhile, China retaliated with a new slate of tax rates of 10 percent on USD$60 billion worth of US goods including chemicals, clothing items, auto parts, as well as food products such as meat.
Several moments after the US tariff took place, the prominent Chinese state media Xinhua accused the Trump administration of trade bullying while adding that Beijing will only consider sitting on the negotiating table if Washington finally learns to show mutual respect and equality on its counterparts.
Citing the market analysis data provided over by the Trade News Center, Fox Business said that among the US items that will get hit the hardest by this latest round of tit-for-tat tariffs are printed circuit boards, computers and computer parts, and even wooden and metal furniture.
The North American country purchased the aforementioned items from China in 2017 with a total price of around USD$15 billion.
Furthermore, Trump's additional duty also brings a significant impact on the auto industry since auto parts from China, like tires and brakes, are included in the list.
Even household items like vacuum cleaners and light bulbs may suffer a huge bump in prices once they hit the store shelves in America.
Spared Items
Despite this dismal turn of events, there are certain items which will be spared from the onslaught of these import taxes. As reported earlier on this site, the Trump tariff won't include gadgets such as smartwatches and select Bluetooth smart devices.
In particular, Apple products like Apple Watch and its latest iterations won't be affected by this fresh round of import duty. Aside from this time-telling device, items such as AirPod headphones and MacMinis were also found absent from the final list.
Several other tech companies like Fitbit, Inc. will also get to enjoy the duty exemption. The firm also produces smartwatches and other fitness-related products.
