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The Trump medication present says it volition exclude electronics similar smartphones and laptops from reciprocal tariffs, a determination that could assistance support the prices down for fashionable user electronics that aren't usually made successful the U.S.
Other electronics supplied mostly by China, including hard drives, besides exempt
The Associated Press
· Posted: Apr 12, 2025 11:43 AM EDT | Last Updated: 13 minutes ago
The Trump medication precocious Friday said it would exclude electronics similar smartphones and laptops from reciprocal tariffs, a determination that could assistance support the prices down for fashionable user electronics that aren't usually made successful the U.S.
The move would besides payment large tech companies similar Apple and Samsung, and spot makers similar Nvidia.
U.S. Customs and Border Protection listed immoderate 20 products that would suffice for the exemption. They see hard drives, representation chips, flat-panel monitors and solid-state retention devices, arsenic good arsenic machines utilized to marque semiconductors.
That means they won't beryllium taxable to the existent 145 per cent tariffs levied connected China, oregon the 10 per cent baseline tariffs elsewhere.
Trump antecedently said helium would see exempting immoderate companies from tariffs.
The determination takes disconnected "a immense achromatic unreality overhang for present implicit the tech assemblage and the unit facing U.S. Big Tech," said Wedbush expert Dan Ives successful a probe note.
Neither Apple nor Samsung responded to a petition for remark aboriginal Saturday. Nvidia declined to comment.
With files from Reuters