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Lenovo laments tariffs and sluggish PC sales as profits nosedive 64%

Lenovo profits dipped 64% for the fourth quarter, according to its latest earnings report, with at least some of the losses pinned on tariffs levelled by the US. While many of the high tariffs initially rolled out by the US against China have since been reduced on some technology products, they still remain at 20%. At the time, IDC said…