- In a notice published late on Friday nightCustoms and Protection of the American border issued new guidelines on the so -called mutual definitions of President Donald Trump, as he listed many exemptions such as smartphones, computers, chips, and other electronics. This descends a huge hole from its 145 % exorbitant tariffs on China and comes after Beijing rose in his own duties on US imports, but he said that no other revenge will come.
President Donald Trump threw the global economy to obtain another episode by setting huge exemptions from the customs tariff, including popular electronics such as smartphones.
in A notice was published late on Friday At night, customs and US border protection issued new instructions on the so -called mutual definitions, which were announced only a week and a half ago, and then witnessed a temporary stop for 90 days in most countries to provide the basis rate by 10 %, but the additional increases in China to 125 %. After being included from the previous fees, sent that total rate on China to 145 %.
Smartphone exemptions, computers, semi -conductors, solar cells, flat plate TVs, flash drives, memory cards, and solid status engines to store data.
This comes after China raised its own duties on US imports to 125 % on Friday, but said it would stop revenge, while Trump indicated that he was optimistic about a deal with Beijing, giving investors some hope that their commercial war could get rid of it.
The products listed in the framework of the exemptions on Friday night can reach duties at a later time, but it is likely to be less than Trump at first.
For example, he said that the customs tariffs on semiconductors on the road, after similar moves on steel, aluminum and cars.
However, exemptions also provide great comfort for American companies such as apple That collects and imports devices in China. The shares of the iPhone maker have been crushed since Trump has increased the definitions of China.
Meanwhile, Wall Street analysts indicated that the cost of making many devices in the United States will add thousands of dollars to their prices and take years to produce production.
In recent days, consumers have been rushing to buy electronics before the tariff began, and companies that rely on production abroad have canceled orders from suppliers.
This story was originally shown on Fortune.com
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