Lenovo warns of raising price if US tariffs increase; shares tumble 6.5%


China's Lenovo Group, the world's largest PC maker, warned it will have to raise product prices if U.S. tariffs increase, sending its shares tumbling 6.5% to two-month lows. Lenovo's warning amid mounting business uncertainty due to the U.

S.-China trade war cast doubt on its sales outlook and took the shine off forecast-beating quarterly results where robust PC sales helped the company more than double its profit. U.S. President Donald Trump said this week that he would postpone imposing an additional 10% tariff on Chinese-made.

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