by According to the Trump administration, electronics such as smartphones and laptops from “mutual” tariffs are excluded, a step that could help keep prices for popular entertainment electronics that are normally not produced in the USA.
The announcement on Friday would also benefit large tech companies such as Apple and Samsung.
US customs and border protection that objects such as smartphones, laptops, hard drives, flat dog monitors and some chips would qualify for the exception. Machines used to manufacture semiconductors are also excluded.
This means that they are not subject to the currently 145% of the tariffs raised for China or the 10% of the base tariffs elsewhere.
It is the latest tariff change through the Trump administration, which in its massive plan has made several turns of having set up tariffs for goods from most countries.
The aim is to promote more domestic production. However, the exceptions seem to be recognized that the current supply chain of electronics in Asia is practically all and it will be difficult to shift this to the USA. For example, according to Wedbush Securities, around 90% of iPhones are produced and compiled in China.
Mr. Trump previously said that he would consider not being able to ignore some of tariffs.
Mr. Trump’s decision to take out the iPhone and other popular electronics made in China reflects the similar relief that he gave these products in the White House during the trade war of his first term.
But Mr. Trump apparently began his second term in order to impose the tariffs more generally this time and triggered a collapse of the market values of Apple and other technological power plants.
The turbulence confiscated the shares of the “Magnificent Seven” by Tech – Apple, Microsoft, Nvidia, Amazon, Tesla, Google Parent Alphabet and Facebook Parent Meta platforms.
At a time at the beginning of this week, the combined market value of the combined seven of $ 2.1 trillion (£ 1.6 trillion) or 14%of April 2 had fallen by 14%when Mr. Trump revealed comprehensive tariffs on a variety of countries.
Some of the losses decreased last Wednesday when Mr. Trump held the tariffs outside China and the lost value in the great seven to $ 644 billion (£ 492 billion) or iconed by 4% from April.
Now the stage is prepared for another tech rally on Monday when the trade in CVs on the US stock markets is the way, since Apple is probably the process, since the company’s largest money earners remain in China.
It is a friendly treatment that the industry had imagined, as an Apple managing director Tim Cook, Tesla boss Elon Musk, Google boss Sundar Pichai, Facebook founder Mark Zuckerberg and the founder of Amazon, Jeff Bezos, gathered behind the president during his inauguration.
