The Trump administration has excluded products from the mutual tariffs levelled in China from the US’s richest company, Apple and other global consumer electronics manufacturers.
“All products that are properly classified under these listed regulations will be excluded from mutual duties imposed under amended Executive Order 14257,” the U.S. Customs and Border Protection (CBP) said Friday. update.
The new guidance will be retroactively applied to affected appliances prepared for imports into the US on April 5th.
Excluded products (smartphones, laptop computers, hard drives, computer processors, memory chips) are often manufactured overseas. Bloomberg. Expenditures on innovation by US multinationals in China increased by an average of 13.6% per year between 2003 and 2017, while the same spending in the US by the same companies increased by only 5% on average. Presidential Order of April 2nd Regarding mutual tariffs in China and other countries.
The update marks the first significant easing of the Trump administration’s trade war with China, Bloomberg reported.
According to Bloomberg, Apple iPhone, iPad, Apple Watch and Airtags were not Airpods, and were some of the excluded products, not Airpods.
Consumers reportedly may be happy with the exemption. Because some people were rushing to buy new iPhones and other gadgets amid concerns that tariffs could lead to price increases.
https://www.youtube.com/watch?v=ziejgbx8zcu
Nvidia, Samsung and certain other semiconductor manufacturers are also reportedly exempt from tariffs. Some companies had already planned to re-land production in the US
Wall Street analyst Dan Ives Called The update, “The most bullish news I’ve heard this weekend,” said the tech industry “can sigh a massive relief.”
“There’s been a loud voice in the US tech industry and despite the first strong forced push for exemptions within the White House, the reality of the situation was ultimately recognized in the Beltway,” Ives added.
According to Bloomberg, exclusions can be short-lived because products can be so serious, but different.
“There is still a clear uncertainty and volatility in these China negotiations,” Ives wrote.
Wendy Cutler, a former US trade negotiator currently at the Asian Association Policy Institute, also warned that the update could allow other companies and countries to be excluded, according to Bloomberg. (Related: Karoline Leavitt says the administration has already finalized the first of many customs transactions)
“Product exclusions are coming sooner than expected,” Cutler told Bloomberg.
The apple is Judgment The most valuable brand in the world. That Chinese ties are reportedly stronger than Samsung’s, and Trump’s retaliatory 125% tariffs on China appear to threaten Apple’s control of the smartphone market.
Apple CEO Tim Cook secured exemptions from Trump’s tariffs during his first term as president, but did not follow the construction of a new US plant, the New York Times Guest essay It is shown.
According to the essay, Cook gave $1 million to Trump’s second inauguration, attended the ceremony, and later pledged $500 billion to American manufacturing.
