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Tech company Sonos warns that price increases are imminent as Trump escalates his trade war with China

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While going public on Friday, smart speaker company Sonos warned potential investors that Donald Trump’s trade war may force product prices up.

Business Insider UK reported that in its public offering filing, Sonos “listed trade disputes between the US and China as a potential drawback on its business” — the same day the president’s tariffs on $34 billion worth of imported Chinese goods took effect.

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“If significant tariffs or other restrictions are placed on Chinese imports or any related counter-measures are taken by China, our revenue and results of operations may be materially harmed,” the company wrote in its filing.

“The materials subject to these tariffs to date do not impact our raw material costs,” the filing read. “However, if further tariffs are imposed on a broader range of imports, or if further retaliatory trade measures are taken by China or other countries in response to additional tariffs, we may be required to raise our prices, which may result in the loss of customers and harm our reputation and operating performance.”


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WATCH: John Oliver exposes Trump’s lies about vote-by-mail — and the Fox News ‘cult’ claiming the election is already ‘rigged’

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"Last Week Tonight" host John Oliver's main story Sunday refuted President Donald Trump's latest crusade against vote-by-mail. Trump announced on Twitter that the more people who vote in an election, the more Republicans tend to lose. So, he wants fewer people to have access to the ballot in November, even if people are too scared to go out during the coronavirus crisis.

Oliver called out Missouri Gov. Mike Parson (R-MO), who outright told people not to vote if they were too afraid to vote in the local elections next week.

"Well, hold on there," Oliver interjected. "Voting is a right. It has to be easy to understand and accessible to anyone."

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John Oliver rips Fox News’ Tucker Carlson for urging ‘order’ from people of color — but never demanding it of police

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John Oliver opened his Sunday show, shredding Fox News host Tucker Carlson for uring "order" among protesters, but refusing to urge "order" to police and "wannabe police" who can't stop killing people.

It's a lot, Oliver explained. "How these protests are a response to a legacy of police misconduct, both in Minneapolis and the nation at large and how that misconduct is, itself, built on a legacy of white supremacy that prioritizes the comfort of white Americans over the safety of people of color."

While some of it is complicated, Oliver conceded, most of it is "all too clear."

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Cars set on fire blocks from White House as DC protests turn violent

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The Washington, D.C. protests turned violent as the city approached the 11 p.m. curfew the mayor instituted Sunday afternoon.

The policy of D.C. police is that when they are attacked, they advance forward. So, when fireworks were fired, the line of officers began pushing the protesters back further from the White House. Behind the line of police officers also stand a line of National Guard troops that President Donald Trump has demanded stand watch in the city.

Lights that normally shine on the White House have also been turned off, reporters revealed.

https://twitter.com/markknoller/status/1267291138655956992

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