President Trump has threatened tariffs on about $160 billion of Chinese-made goods starting this weekend. The 15% tariff would hit iPhones and other cell phones, laptops, tablets, video game consoles, and a variety of other electronic devices and toys
The 15% tariff would hit iPhones and other cell phones, laptops, tablets, video game consoles, a variety of other electronic devices, and toys not already affected by earlier tariffs.The duties are set to go into effect at midnight Sunday, but Trump could still delay implementing the tariffs or call them off altogether as negotiations between Washington and Beijing continue.If the new round goes into effect, nearly all Chinese imports into the United States will be under tariff.
In September, the most recent round, the tariffs hit more than 80% of the clothing and accessories that the United States buys from China.Read MoreOne recent report said Trump's tariffs on Chinese-made products could cost the average American household $600 a year or -- if the December round goes into effect -- up to $1,000 a year.
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