President Donald Trump’s Administration has Exempted Smartphones and Computers From Reciprocal Tariffs, Including 125% Levies imposed on Chinese Imports.
US Customs and Border Patrol Published Friday Explaining The Goods Would Be Excluded From Trump’s 10% Global Fariff on Most Counters and The Much Larger Chinese Import Tax.
The Move Comes After Concerns US Tech Companies That The 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 Sales Last Year, According to the counterpoint Research.
It Says As much as 80% of Apple’s iPhones intended for US Sale even Made in China, With The Remaining 20% Made in India.
Along 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 ADDitional Manufacturing Hubs for Frontrunners.
As Tariffs Tok Effect, Apple reportedly looked to Speed Up and Increase ITS Production Of India-Produced Devices in Recent Days.
Trump Had Planned A Hot Of Steep Tariffs on Countries Around The World Set To Go Into Effect This Week.
BUT on Wednesday, He Quickly Reversed, Announcing That He Would Hit a 90-Day Pause Hit by Higher US Rariffs – Whose China – Whose Tariffs He Raised To 145%. Trump Said The Chinese Tariff Incease Was The Country’s Readiness to Retaliate With ITS Own 84% Levy On US Goods.
In A Dramatic Change of Policy, Trump Said All Retaliated Against Against Us Raitiffs Would Raceive – And only Face a Blanket Us Of 10% – Until July.
The White House Said The Move To Negotiating Tactic To Extract More Favorable Trade Terms From Other Countries.
Trump His Import Taxes Will Address Unfairness In The Global Trading System, As Well As Bring Jobs and Factories Back to American Shores.
