USA make exceptions for smartphones and computers – Diepresse.com
The exceptions apply retrospectively from April 5. The decision is a welcome relief for large US technology companies such as Apple.
In the trade dispute with China, the government of US President Donald Trump granted exceptions to the polled tariffs for smartphones, computers and other electronic imports, which largely come from China. This means that these products are spared a large part of the high tariffs of 125 percent. In a message to the shippers, the US customs and border protection authority published a list of customs codes that are excluded from the tariffs. The exceptions apply retrospectively from April 5 at 12:01 p.m.
The U.S. CBP has listed 20 product categories, including the very wide code 8471 for all computers, laptops, floppy drives and automatic data processing. This also includes semiconductor devices, equipment, memory chips and flat screens.
Relief for tech companies
The spokeswoman for the White House, Karoline Leavitt, said in a statement after the exceptions announced that Trump had secured trillions of dollars of US investments from companies such as Apple and Nvidia. « At the instruction of the President, these companies are pushing to move their production to the United States as soon as possible, » she said.
However, the exemptions indicate that the government under Trump is increasingly aware of how painful its tariffs will be for consumers, especially for popular products such as smartphones, laptops and other electronic devices. In any case, the decision is a welcome relief for large US technology companies such as Apple.
Last year, Trump ran primarily with the promise to reduce prices that had gone up in Ukraine by inflation as a result of pandemic and Russia’s war and damaged the economic reputation of President Joe Biden and his democratic allies.
Customs fiddies to afraid of recession
Trump also promised to raise the tariffs that have become a central part of his economic agenda, and the president has dismissed the turbulence on the financial markets and the expected price increases, which result from the taxes, which is a necessary part of the realignment of the global economy and the world trade order.
However, his so -called “reciprocal tariffs” fueled the fear of a recession in the USA and attracted the criticism of his Republican party friends, who did not want to lose control of the House of Representatives and the Senate in the interim elections next year to the Democrats that have sharply attacked Trump’s politics.
Trump, who spends the weekend in his residence in Florida, said on Friday in front of reporters that he agreed to the high tariffs against China, but respect President Xi Jinping and believe that something good will arise from the trade conflict between the two countries. (Red./reuters)
