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US Businesses Warn "Reckoning Is Coming" If Trump Moves Ahead With $200BN China Tariffs

With the deadline for the comment period for Trump's proposed tariffs on an additional $200 billion of Chinese goods passing last night, investors and businesses around the world are bracing for a long-anticipated financial gut punch as President Trump prepares to move ahead with the levies - damn the torpedoes.

And while everybody and their pet rabbit who has been paying even the slightest attention to the flow of headlines over the past three months should have known by now that the comment period was merely a formality, many American tech companies (many of whom will experience a significant disruption to their supply chains as a result of the tariffs) are making a last-ditch effort to persuade Trump to give trade talks another shot.

Trade

But as far as the angles go, the coalition has picked a good one: In their letter, several tech giants warned that the levies could adversely impact the US's ability to roll out key tech priorities like the next-generation wireless technology known as 5G.

Here's Bloomberg:

On Thursday, Cisco Systems Inc., Hewlett-Packard Enterprise Co., and other technology

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