In April, the U.S. government has proposed a list of 1300 Chinese exports and announced to impose 25 percent tariffs on these products, following the Section 301 investigation. Later in July, the Trump administration released the second tranche of additional tariffs on US$ 200 billion worth of Chinese goods. As LED products are included in both tariff lists, LEDinside has continued to follow and analyze the impacts of the tariffs on LED lighting business. 

Canadian automotive components supplier Magna has reported its net income of the second quarter with a growth of 13% YoY to US$636 million. Despite the growth, the company has adjusted its outlook for 2018 in response to tariffs.