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Trade war

Asian tech companies set to initiate trade war contingency plans

Tariffs on consumer electronics expected to hit exporters like Taiwan and South Korea

Tensions are pushing tech suppliers to diversify production out of China.

TAIPEI -- Asia's tech industry is rushing to avert the worst of an all-out trade war after the U.S. announced plans to impose a 25% tariff on more than $300 billion of imports from China, including smartphones and laptop computers.

The Office of the U.S. Trade Representative on Monday officially announced it will be seeking public comment on the new list of tariffs, which covers more than 3,800 items, including consumer electronics that had until now been spared from the tariff spat.

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