Trump softens tariff blow with exemptions for smartphones and computers from China
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Washington/West Palm Beach: President Donald Trump’s administration has excluded imported smartphones, computers, and some other electronics from China from standing mutual taxes, offering a major recovery to tech companies like Apple that rely on products abroad.
In a notice to Shippers, the US Customs and Border Protection Agency posted a list of tariff codes excluded from import duty. These emissions are related to April 5, up to 12:01 AM EDT (0401 GMT).
The US CBP has given a list of 20 product categories, which includes Broad 8471 code, which includes all computers, laptops, disk drives, and automatic data processing equipment. It also included semiconductor devices, devices, memory chips, and flat panel display.
The notice did not include the reason for the move, but overnight waivers provide welcome relief to large technology firms like Apple, Dell Technologies, and many other importers.
Trump’s move has also been exempted from specific electronics from its 10 % “baseline” taxes on goods from most countries outside China, which will reduce import costs for semiconductors from Taiwan and Apple iPhones accumulating in India.
Wedbsbish Securities analyst Dan Ivas “has heard the most pleasant news this weekend”.
Ivas on Monday ended this weekend big tech firms such as Apple, Newdia, Microsoft, and the broad -tech industry, with these China talks still there is still clear uncertainty and fluctuations. “
Many tech company CEOs have embraced Trump, starting his second term, attending the inauguration of January 20 in Washington and then celebrating it. Apple CEO Tim Cook hosted a pre -incorpool ball and visited Trump at his Florida residence.
According to a White House official, Chinese imports, the emissions only apply to Trump’s mutual rates, which has increased by 125 % this week. There are their first 20 % duties on all Chinese imports – which they linked to the US Fantineal crisis – there.
However, the official said that Trump is ready to launch a national security trade investigation into the semiconductors, which could result in further prices.
White House spokesman Crolley Lavit said in a statement that Trump has made it clear that the United States cannot rely on China for the manufacture of important technologies such as semiconductors, chips, smartphones and laptops.
He added that, under Trump’s direction, large -tech firms – including Apple and Chip Makers, Navidia and Taiwan SemicamDires – “are hurrying to deliver their manufacturing to the coast as soon as possible.”
Tariff pain
The discount suggests the increasing awareness of the Trump administration that can keep their prices on inflation -filled consumers.
Even lower in 54 % tariff rate on Chinese imports, analysts predicted that high -end Apple iPhone costs can increase from $ 1,599 to 3 2,300. At 125 %, economists have warned that US China’s trade could be nearly.
According to the US Census Bureau data, smartphones were US imports from China in 2024, with a total of $ 41.7 billion, behind a Chinese -made laptop .13.1 billion dollars.
Reuters reported on Friday, saying that Apple recently chartered cargo flights to transport 600 tonnes of iPhones – maximum 1.5 million – to move from India to the United States after increasing production of Trump.
Last year, Trump’s campaign to re -claim to the White House had a widespread focus on consumer prices, which had suffered inflation, and the former president, Joe Biden and his democratic allies, had damaged the economic heritage.
However, Trump also pledged to impose rates for his economic strategy, which hinders the financial market’s uproar and prices to balance the global trade order.
However, his so -called “mutual prices” gave rise to fear of recession and criticized the Congress in the next year’s mid -term elections, criticizing them within their own Republican Party. Democrats have also strongly criticized Trump’s point of view.
Last week, Trump delayed tariff rates for 57 trade partners and the European Union, and kept most countries at a rate of 10 % as they continued trade talks with Washington.
The US president, spent the weekend, told reporters on Friday that he was easily with high taxes on China, but he maintained good relations with President Xi Jinping. He expressed the hope that his trade delay could bring something positive.
Financial markets were once again disputed on Friday when China resembled Trump’s latest tariff on US goods, reached 125 % duties. This increase is at risk of spreading catastrophic chains globally.
The US stock ended an unstable week, but during the session, the gold recorded at a height. Benchmark US 10-year-old official bond production has recorded the biggest weekly increase since 2001, while the dollar has declined sharply-which is a sign of investors’ confidence.
