By early December, the U.S. is preparing to announce an increase on proposed tariffs for all remaining Chinese imports if talks between presidents Donald Trump and Xi Jinping fail to ease the trade war, according to a Bloomberg report. If Trump fails to reach an agreement with Xi, not only would there be new rounds of tariffs on all imports from China—but prior tariffs on $200 billion in goods would rise from 10 percent to 25 percent on Jan. 1, 2018, Bloomberg added.
What Does This Mean to You?
If you are planning to make a technology investment in the next couple of months, do so before the end of the year. If this new round of tariffs is imposed, you will see an increase in prices for a wide range of electronics.
As the New Year is approaching quickly, contact us if you need any assistance with technology purchases. The team at BMT can assess your situation and aid in the purchase of needed electronics. Planning now will save money for future investments.
