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:
Fresno’s Downtown Kern Street Market Set for Return. Get Your Produce Baskets Ready
2 hours ago
Retired Madera County Sheriff Edward Bates Dies at 99
2 hours ago
Military Parade on Trump’s Birthday Could Include More Than 6,500 Troops
2 hours ago
Israeli Security Cabinet Backs Plans to Expand Gaza Operation, Media Reports Say
2 hours ago
Fresno Police Arrest Suspect Linked to Nine-Round Shooting
18 minutes ago
Categories

Fresno Police Arrest Suspect Linked to Nine-Round Shooting

Visalia Man Arrested Again in Child Exploitation Case After National Tip

Fresno’s Downtown Kern Street Market Set for Return. Get Your Produce Baskets Ready

Retired Madera County Sheriff Edward Bates Dies at 99
