Certain consumer electronics like smartphones and laptops will avoid new tariffs under a recent Trump administration decision. (AP File)
Share
The Trump administration late Friday said they would exclude electronics like smartphones and laptops from “reciprocal” tariffs, a move that could help keep the prices down for popular consumer electronics that aren’t usually made in the U.S.
It would also benefit big tech companies like Apple and Samsung and chip makers like Nvidia.
U.S. Customs and Border Protection said items like smartphones, laptops, hard drives, flat-panel monitors and some chips would qualify for the exemption. Machines used to make semiconductors are excluded too. That means they won’t be subject to the current 145% tariffs levied on China or the 10% baseline tariffs elsewhere.
Trump previously said he would consider exempting some companies from tariffs.
Tech Sector Reaction
The move takes off “a huge black cloud overhang for now over the tech sector and the pressure facing U.S. Big Tech,” said Wedbush analyst Dan Ives in a research note.
Neither Apple nor Samsung responded to a request for comment early Saturday. Nvidia declined to comment
RELATED TOPICS:
Categories
Trump Administration Says It Will Exclude Some Electronics From ‘Reciprocal’ Tariffs
Maltipoo Rescued From Severe Tick Infestation Now Recovering, Ready for Adoption
How California Can Reduce High Concession Prices in Its Taxpayer-Funded Stadiums
Passover Begins Soon. For Many Jews, the Celebrations Will Occur Amid Anxieties and Divisions
Trump’s Approval Rating Sinks as Trade Policies Take Center Stage
CA Insurance Commissioner Lara Used Campaign Funds for $30K in High-End Meals
