Trump exempts telephones, computer systems, chips from new tariffs

Weekend data on what seems to be a reversal on tariffs from Trump, an easing on tech items:

• Smartphones and computer systems are among the many tech merchandise exempted from Trump’s 145% tariffs on Chinese language items.

• The exemptions had been outlined in new steering from US Customs, issued late Friday.

• Different exempted digital objects embody:

  • Semiconductors

  • Photo voltaic cells

  • Flat panel TV shows

  • Flash drives

  • Reminiscence playing cards

Its not clear if such objects may nonetheless face future tariffs, the charges are anticipated to be a lot decrease than 145%.

The transfer is seen as a win for tech corporations, notably Apple, which manufactures most of its merchandise in China.

This will likely be a tail wind for asset markets.

This text was written by Aaron Cutchburt at www.ubaidahsan.com.



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