Trump Tariffs Add Exemptions Friday Night for Smartphones and Other Electronics

Smartphones, computer monitors, semiconductors, and various other electronics will be exempt from U.S. President Trump's tariffs, reports CNN, "according to a US Customs and Border Protection notice posted late Friday." And 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 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.Read more of this story at Slashdot.
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