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September 18, 2018
Tariffs go into effect later this month. they start at 10% and jump to 25% at the end of the year. combined with tariffs enacted earlier this year, half of all products china sells to the united states is subject to american tariffs. that means you pay more for a number of things. items like tech products and routers and circuit boards and i.t. equipment. it is bad news for facebook and google which rely on the data computer centers products. apple caught a break. apple watch is exempt for now. ...
September 18, 2018
Time for cnn money now. overnight china announced it plans to retaliate after president trump hit china with a fresh round of tariffs. our chief business correspondent christine romans has the latest. >> good morning. the trump administration slapping that new round of tariffs on china, this time on $200 billion worth of goods. they start at 10% and jump to 25% at the end of this year. combined with $50 pll in tariffs enacted earlier this year roughly half -- half of all products china sells to ...
September 18, 2018
Midterms. but tech products, tires, te chemicals are on this list. >> if you look around your home, so much in your home is likely to be made in china. how soon and are consumers already seeing higher prices for things they dont expect? not the ones of course that have been excluded here. >> so the commerce secretary this morning said he doesnt think consumers are going to feel this right away. $200 billion of goods, $20 billion over the course of a whole year spread out of 6,000 different items...
April 4, 2018
Incompetent people he represented the united states that still hes doing his best to stoke tensions announcing new duties on a whole range of tech products and as feared china has retaliated. american soybean farmers need china the vast country bias thirty percent of the project it has a huge park industry mainly fed on soybeans but beijing has included soybeans on its list of punitive tariffs to encourage chinese pig farmers to buy outs where china will fight back by targeting very specifically...
April 3, 2018
Be calm thank you so much. chinas ambassador to the united states say any new u.s. tariffs on chinese goods withdrawal counter measures of the same proportion the fear of a full blown trade war between the worlds two biggest economies continues to weigh on markets asian stocks traded lower today taking the lead from wall street where the markets were largely way to down by tech stocks fears that further tariffs could be imposed on tech products by china that spooked investors the u.s. is expecte...
April 23, 2017
>> what i find fascinating is theres actually a movement for people to take a step away from their phone and build tech products that have ethics baked in. i went to an underground meet-up happening in silicon valley. i spoke to entrepreneurs and engineers beginning to have these conversation about have we gone too far with our technology and whats the ethical thing to do. i had one conversation with an engineer whose job was to addict us to our smartphones. take a listen. >> what we were in was...
March 10, 2017
Companies and people close to the companies. we hear a lot of information they have seen in the documents. they already know. that is good for them. thats good for their shareholders and thats good for us, aka, most of the world who uses the tech products. >> samuel, u.s. intelligence agencies have the obligation to inform the tech companies? >> reporter: that gets back to the heart of the matter. the cia may have been developing these tools allegedly that take advantage of the flaws in the prod...
February 23, 2017
Move the supply base for electronics manufacturing into china. could you move it back to the u.s.? sure you could. but the circumstances are a little different now. could you do it? it would take time. it would be expensive. it is not as easy as the move into china in the beginning of the 2000s. >> quickly, long term here, can the u.s. be competitive in the long run with these many countries say in asia where they work many long hours, much longer than in the united states for much lower wages i...
February 3, 2017
Main intelligence agency, the fsb. the fsb happens to be the agency that rubber stamps the import of foreign technology products. meaning obamas sanctions may have accidentally forbid american tech firms from selling their products at all in all of russia. so today under an initiative that was "in the making for weeks before trump took office on january 20" the treasury department carved out a limited exception to the sanctions for u.s. companies that want to sell tech products in russia. the re...
February 3, 2017
The kremlins interference and its been widely reported that the president is considering lifting sanctions related to russias annexation of crimea in 2014. but crucially that is not what happened today. instead, the treasury department made whats being described as a technical fix to the cyber sakss whose targets included russias main intelligence agency, the fsb. the fsb happens to be the agency that rubber stamps the import of foreign technology products. meaning obamas sanctions may have acci...