Consumer tech lobbyist calls China tariffs a ‘poison pill’

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The White House might argue that its proposed tariffs on Chinese tech would punish the harvesting of American intellectual property while preserving the US economy, but don't tell that to the Consumer Technology Association's Gary Shapiro. The indus…
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US’ proposed China tariffs would target robotics and satellites

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The US Trade Representative has published the list of Chinese products that would be subject to its proposed tech tariffs, and there are a few clear themes. The move would hike the costs of about 1,300 products, including industrial robots, communic…
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Recode Daily: Trump orders tariffs on $60 billion of Chinese-made goods — mostly tech products

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

President Donald Trump holds up a signed presidential memorandum aimed at what he calls Chinese economic aggression in the Roosevelt Room at the White House on March 22, 2018, in Washington, D.C.

Plus, Jack Dorsey predicts that bitcoin will become the world’s universal currency; Dropbox goes public today at $ 21 per share; delete these apps and return to a simpler way of life.

Trump is aiming at China, with plan to impose tariffs on about $ 60 billion worth of Chinese-made goods. The proposed list of some 1,300 products, which will be released within two weeks, will mostly focus on tech, and would effectively block the Chinese imports from entering the U.S. Trump also appointed John Bolton, a China hawk, as his new national security adviser. Wall Street is jittery: The Dow closed down more than 700 points. [Adam Behsudi / Politico]

[Want to get the Recode Daily in your inbox? Subscribe here.]

Dropbox IPOs today on Nasdaq under the trading name DBX at an above-expectations $ 21 per share. Dropbox, which waited a decade to go public, will have an initial maket cap of $ 8.3 billion — significantly less than the company’s last private valuation of $ 10 billion. How the company fares in its first few quarters should give some indication on how highly valued private tech companies can fare on public markets in 2018. Here’s how Dropbox’s biggest backer — venture capital firm Sequoia — positioned itself to earn between $ 2 billion and $ 3 billion on its initial investment. [Theodore Schleifer / Recode]

Twitter and Square CEO Jack Dorsey predicted that bitcoin will become the universal world currency in about 10 years. Square now allows the buying and selling of bitcoin on its payment app. Bitcoin is now trading around $ 9,000, down from the peak of $ 20,000 it hit on some exchanges in December. [Lucinda Shen / Fortune]

The music business had its second consecutive year of growth — thanks to streaming. Flat used to be the new up for the music labels. Now they’re up for real — sales increased 14 percent to $ 8.7 billion last year. The industry’s significant leap in revenue is due entirely to streaming services like Spotify and Apple Music, which are more than balancing the decline in CD sales and download sales. [Peter Kafka and Rani Molla / Recode]

David Scott’s gun-loving friends were kicked off Facebook. So he started Gunbook. The British gun enthusiast started his version of the site three weeks ago, and says the “social network for shooters” already has more than 1,000 members, around 60 of whom are from the U.S. Facebook has banned all advertisements for guns; YouTube announced this week that it will ban videos promoting the sale or manufacture of firearms. [Emily Dugan and Mark Di Stefano / BuzzFeed News]

Top stories from Recode

ModCloth’s former CEO Matt Kaness has left Walmart just a year after the acquisition.

The former Urban Outfitters executive’s role had been in question for several months.

WeWork’s massive growth has made it the second-biggest private office tenant in Manhattan.

It started out with a single SoHo building in 2010.

More than 80 percent of women in tech say they feel pressure to return early from parental leave.

Nearly a third worry about losing their jobs, according to a new report from Indeed.

Scooter-sharing startup Bird has hired former Lyft executive David Estrada to be its chief legal officer.

Estrada also briefly worked at Kitty Hawk; before Lyft, he was the legal director at Google X.

Facebook and Cambridge Analytica: What just happened?

On the latest episode of Too Embarrassed to Ask, Recode’s Kurt Wagner and Kara Swisher, with The Verge’s Lauren Goode, explain the company’s user-data debacle — and what might happen next.

This is cool

Delete these iPhone apps and return to a simpler way of life.

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Trump’s Chinese tariffs could have a big impact on the tech industry

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

Trump has shouted about weaponizing trade since the campaign trail, but this year he's put it to action, committing to solar tariffs back in January that endangered US jobs. This afternoon, Donald Trump signed an executive memorandum to enact tariffs…
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President Trump looking to impose tariffs on Chinese imports, including tech products

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

President Trump has been discussing trade tariffs frequently over the past few weeks, and passing tariffs on steel and aluminum last week. According to Reuters, he is now looking into imposing tariffs on up to $ 60 billion of Chinese imports, specifically targeting consumer electronics, telecoms, and IT equipment.

This would have wide-reaching implications, including driving up the price of smartphones and other products manufactured in China. Apple, Samsung, Lenovo, ZTE, OnePlus, Oppo, and other companies build phones in the country.

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President Trump looking to impose tariffs on Chinese imports, including tech products was written by the awesome team at Android Police.

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Trump’s Planned Tariffs on Imported Steel and Aluminum Would Likely Apply to Apple Products

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U.S. President Donald Trump on Thursday said he plans to impose tariffs of 25 percent on imported steel and 10 percent on imported aluminum to protect domestic producers. Trump is expected to sign the formal order next week, and he promised that it will remain in effect for a “long period of time.”


The controversial plan would almost certainly apply to Apple products like iPhones, iPads, and Macs, which contain a significant amount of the metals. The latest 15-inch MacBook Pro contains 740 grams of aluminum, for example, while the iPhone X contains 58 grams of stainless steel for its frame.

The details of Trump’s plan aren’t fully clear yet, however, according to Bloomberg News. If the tariffs only apply to raw materials, for instance, then Apple would be largely unaffected since the majority of its devices are assembled in Asia and shipped to the United States as finished products.

If the duties do apply to finished products, analyst Gene Munster speculated Apple’s costs to make Macs and iPhones could rise as much as 0.2 percent, assuming the tax is a percentage of the steel and aluminum used in the devices.

Apple’s domestic manufacturing is limited to the Mac Pro, assembled in Austin, Texas. The high-end computer contains 3,660 grams of aluminum and steel imported from outside of the United States, making it subject to the proposed tariffs. However, the Mac Pro is only produced in limited quantities.

The biggest question is whether the impact on Apple’s profit margins would lead the company to raise the prices of Macs and iPhones, but given the company’s costs are only estimated see a marginal increase, it would seem unlikely.

Note: Due to the political nature of the discussion regarding this topic, the discussion thread is located in our Politics, Religion, Social Issues forum. All forum members and site visitors are welcome to read and follow the thread, but posting is limited to forum members with at least 100 posts.

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Will Trump’s Proposed Tariffs on Steel and Aluminum Raise the Cost of Apple Products?

How Complete Beginners are using an ‘Untapped’ Google Network to create Passive Income ON DEMAND

In a bid to protect the financial interests of U.S.-based metal producers, Donald Trump and his administration this week announced plans to impose as much as 10 and 25 percent tariffs on all imported aluminum and steel products, respectively. While the President is expected to sign the executive order any day now, promising it will […]
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