Trump exempts smartphones, laptops, and semiconductors from new tariffs
a year ago
- #tariffs
- #trade-policy
- #tech-industry
- Trump administration delays some tariffs but maintains a universal 10% tariff and increases tariffs on Chinese goods to 125%.
- Tech industry receives exemptions from tariffs on products like smartphones, laptops, hard drives, and semiconductors.
- Exemptions are backdated to April 5 and apply to both the 125% China tariff and the universal baseline tariff.
- Silicon Valley figures, including Elon Musk, have engaged with the Trump administration, leading to favorable outcomes for tech.
- Tech giants like Apple and Nvidia benefit, but industry still faces potential targeted tariffs and restrictions, such as a semiconductor investigation.