Just in … smartphones and computers from new tariffs. This is great news for the IT industry.
Taken from BBC … US President Donald Trump’s administration has exempted smartphones and computers from reciprocal tariffs, including the 125% levies imposed on Chinese imports.
US Customs and Border Patrol published a notice late on Friday explaining the goods would be excluded from Trump’s 10% global tariff on most countries and the much larger Chinese import tax.
The move comes after concerns from US tech companies that the price of gadgets could skyrocket, as many of them are made in China.
The exemptions, backdated to 5 April, also include other electronic devices and components, including semiconductors, solar cells and memory cards.
This is the first significant exemption of any kind in Trump’s tariffs on China.
Source: BBC
