iPhones to get 100 costlier after US new China tariffs

first_imgWashington: Apple iPhones would be around $100 more expensive in the US once new 10 per cent tariff on $300 billion in goods imported from China comes into place from September 1. “iPhone sales in the US, China and other markets could fall by 8 million to 10 million,” CBS News reported late Friday, quoting analysts. Apple lost $42 billion in stock value after Trump tweeted new tariffs on China on Thursday. Apple XS Max starts at $1,099 and new 10 per cent tariff would mean a roughly $110 hike. Also Read – Swiggy now in 500 Indian cities, targets 100 more this year Trump escalated his trade war with China by announcing that he would impose a fresh 10 per cent tariff on another $300 billion of Chinese goods that will take effect from September 1, prompting a swift rebuke from Beijing and jolting global financial markets. The development comes after the latest round of talks, led by US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin with Chinese delegation headed by Vice Premier Liu He in Shanghai, showed little sign of a breakthrough. The duty is likely to target a wide range of goods, from smartphones to clothing. Trump also said that tariffs could be lifted further in stages to more than 25 per cent. Over the past year, China and the US have imposed tariffs on billions of dollars of one another’s goods.last_img read more

Ottawa environmentalists to make their case for a carbon tax in Saskatchewan

first_imgREGINA — Lawyers for the federal government and its supporters are to make their case today in a Regina court on why they believe Ottawa has the legal power to impose a carbon tax on Saskatchewan.Ottawa says it can put a price on carbon because climate change and the regulation of greenhouse gas emissions are a national concern.The federal government has said a section of the Constitution states it can pass laws for the peace, order and good government of Canada.Groups that support that position in Saskatchewan’s court challenge of the carbon tax include the British Columbia government, environmentalists, Indigenous groups and the Canadian Public Health Association.A lawyer for Alberta’s Athabasca Chipewyan First Nation says a carbon tax is constitutionally necessary because climate change affects their treaty rights.The David Suzuki Foundation is also intervening to say that Ottawa’s carbon price is a temporary measure in the face of a climate emergency.On Wednesday, lawyers representing Saskatchewan and its allies in the fight against a carbon tax argued the case is not about climate change at all.  “The government of Saskatchewan is not made up of a bunch of climate change deniers,” Saskatchewan lawyer Mitch McAdam said.Instead, he presented the case as a being about the balance of power between Ottawa and the provinces in a situation where the federal government is overstepping its jurisdiction.A panel of judges also heard from the governments of Ontario and New Brunswick, which oppose the carbon tax. They argued that allowing Ottawa to justify its plan under the rationale of a “national concern” would threaten provincial sovereignty under the Constitution.Saskatchewan is one of four provinces without a plan that will be subject to Ottawa’s fuel charge starting in April. New Brunswick, Ontario and Manitoba are the others.Stephanie Taylor, The Canadian Presslast_img read more