The Trump administration is offering high tariff exemptions to the tech industry.
President Donald Trump said Wednesday Delayed many shocking market tariffs He announced last week that he maintained a general baseline of 10% tariffs while also increasing tariffs on Chinese goods to 125% (in addition to the 20% tariff he already imposed on Chinese goods).
about What tariffs mean for the tech industryit produces many consumer electronics products in China and elsewhere abroad. One of the goals Trump stated is to bring manufacturing back to the United States, but others believe The dream of a made-in-the-American iPhone is a fantasy.
These debates may be suspended after Friday night, when U.S. Customs and Border Protection Product Category List These “excluded from mutual tariffs imposed under Executive Order No. 14257” and were excluded from late April 5.
These categories appear to include smartphones, laptops, hard drives and semiconductors. None of these products will be subject to the 125% tariff on Chinese goods and the general baseline tariff. (Other tariffs, such as the top 20% of Chinese goods, probably still apply.)
Famous Silicon Valley figures Leaded by Elon Musk Joined the Trump administration, while other technology CEOs have been proposing to Trump, most notably, his inauguration donated millions. These efforts seem Less fruit – Until last night’s announcement, Daniel Ives, head of global technology research at Wedbush Securities describe As a “dream scenario for technology investors”.
Tech giants like Apple and NVIDIA may celebrate the news, and we will avoid US consumers who have made a lot of markups on their next iPhone. However, the industry is still hit by more targeted tariffs and other restrictions. For example, the New York Times reported The Trump administration is preparing for national security-related investigations Enter semiconductors.
