New round of tariffs; Apple catches a car IP…

Most of us were expecting another round of US tariffs against Chinese goods but I am not sure many thought President Trump would add an additional $200B so quickly. The new tariffs announced Tuesday evening by the US Trade Representative will not come into effect for at least a couple of months so there is time for negotiations, though so far there are no indications either side is willing to take the first step to break the cycle of escalation.

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