US says it will exclude some electronics from ‘reciprocal’ tariffs
The Trump administration says electronics such as smartphones and laptops will be excluded from ‘reciprocal’ tariffs, a move that could help keep prices down for popular consumer electronics that are not usually made in the US.
The announcement late on Friday would also benefit big tech companies such as Apple and Samsung.
US Customs and Border Protection said items such as smartphones, laptops, hard drives, flat-panel monitors and some chips would qualify for the exemption. Machines used to make semiconductors are excluded too.
That means they will not be subject to the current 145% tariffs levied on China, or the 10% baseline tariffs elsewhere.
Exemptions
Mr Trump previously said he would consider exempting some companies from tariffs.
The move takes off “a huge black cloud overhang for now over the tech sector and the pressure facing US big tech,” said Wedbush analyst Dan Ives in a research note.
Neither Apple nor Samsung responded to a request for comment early Saturday. Nvidia declined to comment.
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The Dunning Kruger Effect in action. He couldn’t pass Economics 101, hasn’t got the foggiest idea of what he’s doing and is just flip-flopping and showing us all how weak and stupid he really is.
It could be too late. Countries are now moving away from the US – and I suspect China is too. Trump is unpredictable, erratic and stupid, until he’s gone and a more sensible government is in power – the rest of world would be better off dealing amongst itself.
I am afraid because Trump is so erratic and has insulted most of the Worlds Countries ..He will stop USA being trusted again . The World is finding other partners now.