The Trump Administration is Carving out Big Tariff Examptions for the Tech Industry.
While President Donald Trump said wedding that he would Delay many of the market-shaking tarifs That he’d announced the previous week, he kept a universal baseline 10% tariff in place, when also increases tarifs on chinese good goes to 125% (on top of a 20% tariffs that he ‘ Goods from China).
There’s been planty of speculation about What the tariffs will mean for the tech industryWhich manufactures many consumer electronics in China and Elsewhere abroad. One of Trump’s stated Goals is to Bring Manufacturing Back to the united States, but others believe The dream of an american-made iPhone is a fantasy,
Thos Debates May Be Pauses After Evening, When Us Customs and Border Protection Posted a list of product categories That area “excluded from the reciprocal tariffs imposed under Executive Order 14257,” With the Exclusions Backdated to APRIL 5.
Theose categories appear to include smartphones, laptops, hard drives, and semiconductors. Thos products will all be except from bot the 125% tariff on goods from China, as well as the universal baseline tariff. :
Notable Silicon Valley Figures Led by elon musk Have Joined the Trump Administration, Who Other Tech Ceos Have Been Courting Trump, Most Visibly with Millions of Dollars Donated to His Inaugence. Theose efforts seemed to Bear Little Fruit – Until Last Night’s Announcement, Which Daniel Ives, Global Head of Technology Research at Wedbush Securities, described As “A Dream Scenario for Tech Investors.”
Tech giats like apple and nvidia are likely celebrating the news, as are us consumers who will avoid a big markup on their next iPhone. But the industry could still be Hit with more targeted tarifs and other restrictions. For example, the new york times reports that The Trump Administration is preparation a National Security-Related Investigation Into semiconductor.