U.S. consumers will delay or forgo technology upgrades if President Donald Trump...
WASHINGTON - U.S. consumers will delay or forgo technology upgrades if President Donald Trump imposes a new round of 25% tariffs on Chinese goods, slowing the U.S. innovation engine, technology industry executives said on Monday.
The two countries have been at odds since July 2018 over a host of U.S. demands that Beijing adopt policy changes that would better protect American intellectual property and make China’s market more accessible to U.S. companies. “A lot of consumers will look at that and say: ‘I’ll just wait for the next generation.’ That’s a lot of money for the average consumer,” Chandler told Reuters.
Win Cramer, founder and chief executive of JLab Audio, a California-based maker of Bluetooth wireless headphones, said he added eight employees after the company’s products were spared from the previous round of tariffs. But Cramer said he may have to lay off some of those people, as a 25 percent tariff would shrink sales.
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