The latest twist in the tale
Certain electronics gadgets are now exempt from certain tariffs
Phones, laptops, and processors all get a reprieve – which includes China
It’s still not clear what will happen next with electronics pricing
There’s a new twist in the US tariff trade war: Phones, computers, semiconductors and various other electronics are now exempt from punishing import tariffs, which have shot up to 145% for China and are typically now 10% as a baseline for other countries.
The news was reported by the Associated Press and others, and while it’s still early to say what the full impact will be, it does ease the pressure on companies who mostly manufacture their gadgets outside of the US – including Apple, Dell, Nvidia, and Samsung.
US President Donald Trump introduced a raft of tariffs for goods imported to the US at the start of the month, and markets have been in chaos ever since.
