$1 billion a month: The cost of Donald Trump's tariffs on technology

US companies paid $1 billion more in tariffs on technology products imported from China in October than a year earlier, as new duties imposed by the Trump administration took effect.

The tariff costs rose more than seven-fold to $1.3 billion, as the world’s two biggest economies became embroiled in a trade war, according to data provided by the Consumer Technology Association and analyzed by consulting firm The Trade Partnership.

President Donald Trump has imposed tariffs on $250 billion in Chinese imports since early July. The duties have been implemented in three tranches, the latest of which applied to $200 billion in goods