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Title: Trump Tariffs Add Exemptions Friday Night for Smartphones and Other
Electronics
Link: https://news.slashdot.org/story/25/04/12/1539...
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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