US tech companies tried to avert latest China tariffs
Four major US tech companies sent a letter to the US Trade Representative Robert Lighthizer, asking the administration to reconsider imposing the new tariffs on $200 billion worth of Chinese imports announced on Monday.
The companies, Dell, Cisco, Juniper Networks, and Hewlett Packard, are concerned the tariffs will increase the costs of their networking equipment, leading to the loss of profits and US jobs.
The new Trump tariffs, unlike the $50 billion in Chinese products the president hit in his first tariff phase in July will affect consumer products such as appliances and furniture, and not only industrial equipment.
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