Smartphones, computers and other electronics are exempt from Trump’s reciprocal tariffs for now
US Customs and Border Protection has published a list of products that will be excluded from Trump’s reciprocal tariffs, including smartphones, computers, semiconductors and memory cards, along with other electronic devices and components. The move comes shortly after Trump imposed a 125 percent tariff on goods from China, which the administration confirmed to CNBC and other outlets is in addition to the 20 percent tariff put in place earlier this year, bringing it to a total of 145 percent. Trump had previously announced higher reciprocal tariffs for other countries, too, but walked this back with a 90-day “pause” earlier this week. The pause does not apply to China, though, and there’s still a 10 percent tariff on imports from almost all countries. Electronics imports in particular are expected to be hit hard by the new rules, and we’ve already seen companies like Nintendo and Razer changing up their plans around upcoming product launches in the US. The newly published exclusions would exempt many devices and parts from both the 10 percent global tariff and the steeper tariff on China, according to the notice published on Friday. But at the rate this has all been going, who knows how long that will last. This article originally appeared on Engadget at https://www.engadget.com/big-tech/smartphones-computers-and-other-electronics-are-exempt-from-trumps-reciprocal-tariffs-for-now-153139830.html?src=rss
US Customs and Border Protection has published a list of products that will be excluded from Trump’s reciprocal tariffs, including smartphones, computers, semiconductors and memory cards, along with other electronic devices and components. The move comes shortly after Trump imposed a 125 percent tariff on goods from China, which the administration confirmed to CNBC and other outlets is in addition to the 20 percent tariff put in place earlier this year, bringing it to a total of 145 percent.
Trump had previously announced higher reciprocal tariffs for other countries, too, but walked this back with a 90-day “pause” earlier this week. The pause does not apply to China, though, and there’s still a 10 percent tariff on imports from almost all countries. Electronics imports in particular are expected to be hit hard by the new rules, and we’ve already seen companies like Nintendo and Razer changing up their plans around upcoming product launches in the US.
The newly published exclusions would exempt many devices and parts from both the 10 percent global tariff and the steeper tariff on China, according to the notice published on Friday. But at the rate this has all been going, who knows how long that will last. This article originally appeared on Engadget at https://www.engadget.com/big-tech/smartphones-computers-and-other-electronics-are-exempt-from-trumps-reciprocal-tariffs-for-now-153139830.html?src=rss
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