Trumps new 10 tariff on China could mean pricier phones consoles laptops

first_img Now playing: Watch this: Mentioned Above Apple iPhone XS (64GB, space gray) Sprint 1:21 CNET may get a commission from retail offers. Comment See It Share your voice Best Buy $999 Computers Consoles Components Tablets Phones Stock Market See It See It $999center_img Boost Mobile $999 Tags See it $999 AutoComplete: Chinese tariffs on US vehicles going away,… Preview • iPhone XS is the new $1,000 iPhone X PlayStations made in China could cost more.  James Martin/CNET US President Donald Trump announced plans Thursday to levy an additional 10% in tariffs against another $300 billion in Chinese goods starting Sep. 1. In a tweet, Trump said this would not include the $250 billion worth of Chinese goods already tariffed at 25%. The tariffs could result in pricier gaming consoles, iPhones and laptops, given that many tech companies using components manufactured in China.”We thought we had a deal with China three months ago, but sadly, China decided to re-negotiate the deal prior to signing. More recently, China agreed to buy agricultural product from the U.S. in large quantities, but did not do so,” Trump tweeted. Earlier in the week, a US delegation met with Chinese trade officials for the first time since the countries reached a truce at the June G-20 Summit, where China committed to buying more US agricultural exports. The day’s 300-point gain in the Dow Jones Industrial Average was largely erased following the announcement. Similar drops were seen in the Nasdaq Composite and S&P 500, dampening enthusiastic spurred by the first cut to interest rates by the Federal Reserve in over a decade.  Review • iPhone XS review, updated: A few luxury upgrades over the XR 1 Apple iPhone XS Donald Trumplast_img