China Can Hit U.S. Tech Where It Hurts in Tariff Response
- Apple, Nvidia, Broadcom get more than 20% of sales from China
- China has used boycotts, regulation against others in the past
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President Donald Trump’s latest move to ratchet up tariffs on Chinese goods raises the specter that China could strike back by tripping up U.S. companies doing business in the Asian nation -- and tech is especially vulnerable.
On Tuesday, the U.S. said it will impose a 10 percent tariff on $200 billion of Chinese-made products, from food to electronics, by Aug. 30. That adds to an already-announced $50 billion in tariffs that could raise prices on almost half of everything the U.S. buys from China. President Xi Jinping has vowed to strike back.