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Trade war

Trump's latest China tariffs to shock global supply chains

Suppliers shift production bases as duties target goods like iPhones

A new round of tariffs would directly tax imports of the devices for the first time.   © Reuters

WASHINGTON/PALO ALTO, U.S. -- The Trump administration will unveil details on Monday of its tariff expansion to all goods imported from China, a move that is sure to affect Asia's supply chain as prices are set to rise on smartphones, laptops and other consumer products.

U.S. President Donald Trump "ordered us to begin the process of raising tariffs on essentially all remaining imports from China, which are valued at approximately $300 billion," U.S. Trade Representative Robert Lighthizer said on Friday after ministerial-level talks with China ended without a deal.

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