Trump threatens new tariffs on smartphones days after exempting them
a year ago
- #Trade War
- #US-China Relations
- #Tariffs
- Donald Trump announces that Chinese-made smartphones and electronics will not be exempt from tariffs, instead moving to a different 'bucket'.
- European stock markets rose after initial exemptions were announced, but China urges the US to cancel tariffs entirely.
- US officials reveal a new 'semiconductor tariff' will be imposed, with Trump promising more details soon.
- Trump denies reports of exemptions for smartphones and computers, calling them false and stating they will face tariffs under a different category.
- Sony increases PlayStation 5 prices in Europe, Australia, and New Zealand due to economic challenges, but not in the US.
- China criticizes Trump's tariff exemptions as a 'small step' and warns of retaliation if the US continues trade tensions.
- Trump's tariffs aim to bring manufacturing back to the US but have caused stock market volatility and fears of global trade decline.