Breaking : Trump exempts smartphones and computers from new tariffs

Trump exempts smartphones and computers from new tariffs​

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ftan42 said:

thunder loud loud rain little small

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threadfin said:

Trump exempts smartphones and computers from new tariffs​

24 minutes ago
Madeline Halpert
BBC News, New York

​

Getty Images
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 also include other electronic devices and components, including semiconductors, solar cells and memory cards.
The US is a major market for iPhones, while Apple accounted for more than half of its smartphones sales last year, according to Counterpoint Research.

It says as much as 80% of Apple's iPhones intended for US sale are made in China, with the remaining 20% made in India.

Along with fellow smartphone giants such as Samsung, Apple has been trying to diversify its supply chains to avoid over-reliance on China in recent years.

India and Vietnam emerged as frontrunners for additional manufacturing hubs.

As tariffs took effect, Apple reportedly looked to speed up and increase its production of India-produced devices in recent days.

Trump had planned a host of steep tariffs on countries around the world set to go into effect this week.

But on Wednesday, he quickly reversed course, announcing that he would implement a 90-day pause for countries hit by higher US tariffs - except China - whose tariffs he raised to 145%. Trump said the Chinese tariff increase was because of the country's readiness to retaliate with its own 84% levy on US goods.

In a dramatic change of policy, Trump said all countries that had not retaliated against US tariffs would receive a reprieve – and only face a blanket US tariff of 10% – until July.

The White House said the move was a negotiating tactic to extract more favourable trade terms from other countries.

Trump has said his import taxes will address unfairness in the global trading system, as well as bring jobs and factories back to American shores.

Click to expand...

threadfin said:

Trump exempts smartphones and computers from new tariffs​

24 minutes ago
Madeline Halpert
BBC News, New York

​

Getty Images
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 also include other electronic devices and components, including semiconductors, solar cells and memory cards.
The US is a major market for iPhones, while Apple accounted for more than half of its smartphones sales last year, according to Counterpoint Research.

It says as much as 80% of Apple's iPhones intended for US sale are made in China, with the remaining 20% made in India.

Along with fellow smartphone giants such as Samsung, Apple has been trying to diversify its supply chains to avoid over-reliance on China in recent years.

India and Vietnam emerged as frontrunners for additional manufacturing hubs.

As tariffs took effect, Apple reportedly looked to speed up and increase its production of India-produced devices in recent days.

Trump had planned a host of steep tariffs on countries around the world set to go into effect this week.

But on Wednesday, he quickly reversed course, announcing that he would implement a 90-day pause for countries hit by higher US tariffs - except China - whose tariffs he raised to 145%. Trump said the Chinese tariff increase was because of the country's readiness to retaliate with its own 84% levy on US goods.

In a dramatic change of policy, Trump said all countries that had not retaliated against US tariffs would receive a reprieve – and only face a blanket US tariff of 10% – until July.

The White House said the move was a negotiating tactic to extract more favourable trade terms from other countries.

Trump has said his import taxes will address unfairness in the global trading system, as well as bring jobs and factories back to American shores.

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glockman said:

Bunch of clowns in the fucking circus.

Click to expand...

• Telephones:
  In February 2025, China exported $2.57 billion in telephones to the US. This was a leading export product.
  
  
• Computers:
  China also exported $2.08 billion in computers to the US in February 2025.
  
  
• Overall Trade:
  In 2024, the US imported a significant amount of goods from China, including electronics and machinery, which accounted for more than 50% of the total value of imports.
  
• Trade Balance:
  In February 2025, China had a positive trade balance with the US, meaning it exported more than it imported from the US. The trade surplus was $14.7 billion.
  
  
• Other Key Products:
  In addition to telephones and computers, China also exported other significant products to the US, such as commodities not elsewhere specified ($1.61 billion in February 2025).
  
  
• US Imports:
  In 2024, the main origins of US telephone imports were China ($50.9 billion), Vietnam ($14.4 billion), and Mexico ($10.6 billion).

threadfin said:

Trump exempts smartphones and computers from new tariffs​

24 minutes ago
Madeline Halpert
BBC News, New York

​

Getty Images
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 also include other electronic devices and components, including semiconductors, solar cells and memory cards.
The US is a major market for iPhones, while Apple accounted for more than half of its smartphones sales last year, according to Counterpoint Research.

It says as much as 80% of Apple's iPhones intended for US sale are made in China, with the remaining 20% made in India.

Along with fellow smartphone giants such as Samsung, Apple has been trying to diversify its supply chains to avoid over-reliance on China in recent years.

India and Vietnam emerged as frontrunners for additional manufacturing hubs.

As tariffs took effect, Apple reportedly looked to speed up and increase its production of India-produced devices in recent days.

Trump had planned a host of steep tariffs on countries around the world set to go into effect this week.

But on Wednesday, he quickly reversed course, announcing that he would implement a 90-day pause for countries hit by higher US tariffs - except China - whose tariffs he raised to 145%. Trump said the Chinese tariff increase was because of the country's readiness to retaliate with its own 84% levy on US goods.

In a dramatic change of policy, Trump said all countries that had not retaliated against US tariffs would receive a reprieve – and only face a blanket US tariff of 10% – until July.

The White House said the move was a negotiating tactic to extract more favourable trade terms from other countries.

Trump has said his import taxes will address unfairness in the global trading system, as well as bring jobs and factories back to American shores.

Click to expand...

threadfin said:

In February 2025, China's top exports to the United States were telephones ($2.57 billion) and computers ($2.08 billion). These products represent a significant portion of China's overall trade with the US. For example, in 2024, the US imported $47 billion worth of smartphones from China, making up 40% of its total smartphone imports.

Here's a more detailed breakdown:

• Telephones:
  In February 2025, China exported $2.57 billion in telephones to the US. This was a leading export product.
  
  
• Computers:
  China also exported $2.08 billion in computers to the US in February 2025.
  
  
• Overall Trade:
  In 2024, the US imported a significant amount of goods from China, including electronics and machinery, which accounted for more than 50% of the total value of imports.
• Trade Balance:
  In February 2025, China had a positive trade balance with the US, meaning it exported more than it imported from the US. The trade surplus was $14.7 billion.
  
  
• Other Key Products:
  In addition to telephones and computers, China also exported other significant products to the US, such as commodities not elsewhere specified ($1.61 billion in February 2025).
  
  
• US Imports:
  In 2024, the main origins of US telephone imports were China ($50.9 billion), Vietnam ($14.4 billion), and Mexico ($10.6 billion).

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threadfin said:

50% of China imports now exempted. SMLJ happening even without stubborn Xi making a phone call request to Trump. Lol

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Trump Exempts Computers, Handsets, Chips From Reciprocal Tariff Blitz, Still Subject To Original 20%​

laksaboy said:

Calm down you TDS twits, it takes a while for the factories to move out of China. Apple and Microsoft etc are making plans to leave China now.

Also, the 20% tariff remains.

Trump Exempts Computers, Handsets, Chips From Reciprocal Tariff Blitz, Still Subject To Original 20%​

https://www.zerohedge.com/markets/trump-exempts-computers-handsets-chips-reciprocal-tariff-blitz

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