On Wednesday, President Donald Trump said that he would postpone most of the customs duties that shaken the markets he announced the previous week, while maintaining the 10 %universal basic customs duties, he increased the customs duties to Chinese goods to 125 %(in addition to the 20 %customs duties applied to the goods from China).
Numerous speculation has been made on what the tariffs produce many consumer electronics in China and abroad. One of Trump’s goals is to bring production back to the United States, but others believe that an American -made iPhone dream is a fantasy.
These discussions may pause as of April 5th after the US Customs and Border Protection Authority has published a list of product categories that are excluded from mutual tariffs implemented within the scope of the executive order 14257 on Friday evening.
These categories include smartphones, laptops, hard drives and semiconductors. All of these products will be exempt both from 125 %customs duties applied to goods from China and from the universal basic customs duties. (Other customs duties, such as 20 %customs duties applied to previous Chinese goods, will probably be valid.)
While the important silicone valley figures led by Elon Musk joined the Trump administration, the other technology CEOs are set up to Trump, and the most visible is that they donated millions of dollars to the start of the task. These efforts did not make much fruit – Until the announcement of the night, Daniel Ives, the president of global technology research at Wedbush Securities, described it as “a dream scenario for technology investors”.
Technology giants such as Apple and Nvidia are probably celebrating the news, so are US consumers who will avoid a big profit margin on their next iPhone. However, the sector may still face more targeted tariffs and other restrictions. For example, The New York Times reports that the Trump administration is preparing a national security investigation into semiconductors.
