
Did Trump's Tariffs Add Exemptions Friday Night for Smartphones and Other Electronics? (cnn.com) 303
UPDATE (4/13): Smartphones, computer monitors, semiconductors, and various other electronics will be exempt from U.S. President Trump's tariffs, CNN reported Saturday, "according to a US Customs and Border Protection notice posted late Friday." But then Sunday morning America's commerce secretary insisted "a special-focus type of tariff" was coming for those products, ABC News reported. (President Trump "is saying they're exempt from the reciprocal tariffs," the commerce secretary told an interviewer, "but they're included in the semiconductor tariffs, which are coming in probably a month or two.... This is not like a permanent sort of exemption.")
CNN had reported that several other products also received an exemption which "applies to products entering the United States or removed from warehouses as early as April 5, according to the notice." Roughly 90% of Apple's iPhone production and assembly is based in China, according to Wedbush Securities' estimates. Counterpoint Research, a firm that monitors global smartphone shipments, estimated Apple has up to six weeks of inventory in the United States. Once that supply runs out, prices would have been expected to go up...
Semiconductors and microchips are among the products heavily outsourced to factories in Asia due to lower costs. Those electronic parts are now exempt, according to the Friday notice. That could help Asian chipmakers, such as Taiwan Semiconductor Manufacturing Company (TSMC), South Korea's Samsung and SK Hynix.
The exemptions were believed to also include solar cells, memory cards, and computers, according to the BBC. "It was not clear whether technology imports from China would still be hit by a 20% tariff that was not part of the reciprocal tariffs announced on 2 April..."
Thanks to Slashdot readers Alain Williams and Mr. Dollar Ton for sharing the news.
CNN had reported that several other products also received an exemption which "applies to products entering the United States or removed from warehouses as early as April 5, according to the notice." Roughly 90% of Apple's iPhone production and assembly is based in China, according to Wedbush Securities' estimates. Counterpoint Research, a firm that monitors global smartphone shipments, estimated Apple has up to six weeks of inventory in the United States. Once that supply runs out, prices would have been expected to go up...
Semiconductors and microchips are among the products heavily outsourced to factories in Asia due to lower costs. Those electronic parts are now exempt, according to the Friday notice. That could help Asian chipmakers, such as Taiwan Semiconductor Manufacturing Company (TSMC), South Korea's Samsung and SK Hynix.
The exemptions were believed to also include solar cells, memory cards, and computers, according to the BBC. "It was not clear whether technology imports from China would still be hit by a 20% tariff that was not part of the reciprocal tariffs announced on 2 April..."
Thanks to Slashdot readers Alain Williams and Mr. Dollar Ton for sharing the news.