Want to upgrade your phone? Here’s how Trump could affect the price

In the world’s biggest electronics market, the US-China trade war is biting. Key points: The White House has threatened to slap tariffs of up to 25 per cent on Chinese goods US tech goods including smartphones would be affected by the tariffs Apple has asked the Trump administration for an exemption The heart of Shenzhen’s tech industry is Huaqiangbei market, a massive collection of vendors selling everything from fake iPhones to circuit boards. The ground floor components section of the market is buzzing with activity — but not for everyone. Lin Hongyu, who sells a common electrical part used in everything from digital cameras to televisions, told the ABC that business is the worst he has seen for 20 years. “You can see the effect through exports. If they are down, then people aren’t making products, and they don’t need to order components,” Mr Lin said. Another electronics wholesaler, Zhang Yaqin, said her factory has recently shed staff. A few months ago, more than 300 people worked there. Today it is closer to 200. “When business was good, workers would do overtime, their salaries would be high. But many have left because the overtime has dried up,” she said. Shenzhen… Read full this story

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