Trump exempts smartphones, computers and chips from tariffs
Bloomberg's indiscretion: a move that could benefit industry giants such as Apple and Samsung Electronics(Handle)
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The Trump administration has exempted smartphones, computers and other electronic products such as memory chips from so-called reciprocal tariffs, a move that could benefit industry giants such as Apple and Samsung Electronics.
Bloomberg reports this, citing the US Customs and Border Protection, the federal agency that deals with customs and borders, according to which the exemption narrows the scope of the duties, in particular the 125% imposed on imports from China and the 10% duties envisaged by Trump for almost all other countries.
While the White House has not confirmed the news, the exemption would apply to smartphones, laptops, hard drives, processors and memory chips – consumer electronics that are not manufactured in the United States (it would take years to get production up and running locally).
Among the products that will not be subject to Trump's new tariffs are also machinery used for the production of semiconductors, an important thing for chip manufacturers and, in particular, for Taiwan's TSMC, which has announced a major new investment in the United States.
It must be said that the "truce" could prove fleeting: the exclusions derive from the initial order, which prevented the extra tariffs in some sectors from being added to the national ones. It is therefore not excluded that different tariffs will be imposed.
(Online Union)