politics

Trump exempts phones, computers, chips from new tariffs


U.S. President Donald Trump attends a cabinet meeting at the White House in Washington, D.C., U.S., April 10, 2025.

Nathan Howard | Reuters

Smartphones and computers will be exempted from President Donald Trump’s reciprocal tariffs, according to new guidance from U.S. Customs and Border Protection.

The guidance comes after Trump earlier this month imposed 145% tariffs on products from China, a move that was poised to take a toll on tech companies like Apple, which makes iPhones and most of its other products in China.

The new tariff guidance also includes exclusions for other electronic devices and components, including laptops, semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state drives used for storing data.

These products eventually could be subject to additional duties but they’re likely to be lower than the 145% rate that Trump had imposed on goods from China.

This is breaking news. Please check back for updates.



Source link:www.cnbc.com

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button