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He will also benefit major technology companies such as Apple, Samsung and chips such as NVIDIA and pave the way for a possible gathering of technology on Monday.
Customs and American border protection said that items such as smartphones, laptops, hard drives, flat plate screens and some chips will qualify for the exemption. The machines used to make semiconductors are also excluded. This means that they will not be subject to current definitions by 145 % imposed on China or 10 % basic definitions elsewhere.
It is the latest introductory change by the Trump administration, which made many rotation in its huge plan to put a customs tariff on goods from most countries.
The exemption appears to reflect the president’s awareness that it is unlikely that the Chinese tariff will transform more manufacturing for smartphones, computers and other tools to the United States soon, if any, despite the administration’s predictions that the trade war company stimulates Apple in the United States for the first time.
However, this was an unlikely scenario after Apple spent contracts to build a precision calibration supply chain in China. Moreover, it will take several years and cost billions of dollars to build new factories in the United States, then face Apple with the economic forces that can affect the price of the iPhone, threatening to sales its product.
Trump’s decision to exempt the iPhone and other famous electronic devices in China reflects the similar satisfaction that he provided to these products during its first term in the White House. But Trump apparently started his second term on imposing tariffs this time, which led to a collapse in the market values of Apple and other technological powers.
The disturbances struck “Seven” stocks – Apple, Microsoft, Nvidia, Amazon, Tesla, Google Parent Alphabet and Facebook Parent Meta. At one time earlier this week, the joint market value of Magnificent Seven decreased by $ 2.1 trillion, or 14 %, from April 2 when Trump revealed a comprehensive tariff on a wide range of countries.
Some losses fell last Wednesday when Trump stopped the customs tariff outside China, causing the value lost in seven to 644 billion dollars, or a 4 % decrease, from April 2. Now, the stage has been appointed in another technology march on Monday when trade in the US stock market is resumed, with the possibility that Apple will lead on the road made in China in China, the company is in the field of money.
Electronics exempting must also reduce consumer concerns that China’s tariff will lead to a significant increase in prices on smartphones and other devices that have become essential tools for modern life,
It is a kind of friendly treatment that was depicted by the industry when the CEO of Apple Tim Cook, CEO of Tesla Elusk, the CEO of Google Sundar Pichai, the founder of Facebook Mark Zuckerberg and the founder of Amazon Jeff Bezos behind the president during his opening on January 20. This uniform of Fealty shows Big Tech hopes that Trump is more absorbed than the management of President Joe Biden and helps in pushing the already prosperous industry to greater altitudes.
Apple won the praise of Trump in late February when Cupertino, California, is committed to investing $ 500 billion and adding 20,000 jobs in the United States during the next four years. This pledge was a 350 billion dollars in the United States in the United States, which was made by Apple during the first period of Trump when the iPhone was exempted from the China tariff.
“This step is” A Black Cloud Townhang at the present time on the technology and pressure sector facing us with great technology. “
Apple and Samsung did not respond to the comment on Saturday. NVIDIA refused to comment. The White House did not immediately respond to a request for comment on Saturday.
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Liedtke from Berkeley, California contributed.