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After passing deadlines that saw American businesses and consumers paying more than double the price for imported goods from China, the two countries have agreed to a temporary, 90-day truce. CNN reports that the US will temporarily lower the import taxes from an unprecedented 145 percent on the most-impacted goods to "just" 30 percent, starting on May 14th. China is cutting its similar American import levies down to 10 percent. China is also loosening its grip on exports for rare earth minerals, among other countermeasures.
Paying a 30 percent import tax on goods is still a huge burden on American businesses that rely on low-cost manufacturing from China, but it's at least manageable for most. Some businesses were dealing with an existential crisis due to the Trump administration's policies, with many simply pausing sales in the United States or facing closure entirely.
Even with exceptions carved out for highly visible niches like smartphones and PCs, the electronics industry was — and in
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Amazon is kicking off the week with discounts across nearly the entire M3 iPad Air lineup, offering $100 off these tablets. Prices start at $499.00 for the 128GB Wi-Fi 11-inch M3 iPad Air, down from $599.00. Best Buy is matching all of these deals on the iPad Air.
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