New Tariffs Could Hit Laptops, iPhones, Trump Says

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US President Donald Trump and his Russian counterpart Vladimir Putin will address a full range of issues when they meet this weekend on the sidelines of the G20 summit in Argentina, including arms control and security issues, US National Security Adviser John Bolton said in a press conference at the White House.

"If need be, if things don't work out in this U.S".

"I happen to be a tariff person because I'm a smart person, OK?" he told the Wall Street Journal.

When the WSJ asked if that includes handsets like the iPhone as well as notebook computers, he said "Depends on what the rate is, I can make it 10%, and people could stand that very easily".

In an interview with the Wall Street Journal, Trump said it was "highly unlikely" he would accept China's request to hold off on the increase, which is due to take effect on January 1.

Sterling was weaker across the board after Trump said on Monday the agreement allowing the United Kingdom to leave the European Union may make trade between Washington and London more hard.

"The upcoming meeting between Trump and Xi is pivotal going into the year-end and for the outlook for global growth, which has shown signs of slowing", said Lee Hardman, a currency analyst at MUFG in London. Chinese manufactured products account for 61.6% of the consumer electronics imported into America.

Asian markets are tested today (November 27, 2018) after US President Trump has dealt a blow on coming to terms with China over conflicting trade issues.

The Federal Reserve should be even more attentive to new economic data as its gradual interest-rate hikes edge it ever closer to a neutral stance, Federal Reserve Vice Chair Richard Clarida said on Tuesday.

It doesn't help that neither Trump nor his trade or economic advisers are prepared to acknowledge (if, indeed, they recognise it) that a trade conflict harms the USA along with those it targets, or that a country that issues the world's reserve currency is inevitably going to run structural current account deficits. Since then, communications have picked up between the two sides, said Kudlow.

"I am conservatively optimistic that can be done", he added.

'We can buy from Japan and South Korea or develop our own.

"They have to open up China to the United States".

Reports suggest that the United States government and China are close to closing a deal which could help reverse ZTE's failing fortunes.