April 13, 2025, 11:20 am
U.S. Commerce Secretary Howard Lutnick stated that the current tariff exemptions for consumer electronics, including laptops and smartphones, are only temporary. The announcement comes as the Trump administration pauses some tariffs while warning that additional duties might return once these provisional measures expire. This update underscores a shifting trade policy that could have significant implications for tech companies and global markets, urging businesses to brace for potential future tariff adjustments.
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Many of these electronics are imported from China.
Various comments from the Trump administration over the weekend regarding tariffs on consumer electronics hint at another chaotic week on Wall Street and in Washington.
US tariffs on Chinese imports have reached 145%, while China has imposed a 125% retaliatory rate on US goods.
Smartphones, laptops, and other products that are exempt from Trump’s April 9th tariffs will be lumped in with duties on semiconductors in “a month or two,” Commerce Secretary Howard Lutnick told ABC News anchor Jonathan Karl on This Week. Yesterday, the Trump administration released updated...
Apple's reprieve from Trump's reciprocal tariffs against Chinese imports of iPhones and Macs is only temporary, as tariffs aimed at semiconductor imports will be arriving within a few months.Tim Cook and Donald Trump in a meeting at the White House in 2018Late on Friday, Apple was granted a massive...
The tech industry may not be safe from new tariffs, according to U.S. Commerce Secretary Howard Lutnick. The Trump administration announced Friday evening that consumer electronics such as laptops and smartphones would be exempt from the tariffs it unveiled earlier this month. (While Trump delayed...
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22 stories from 11 sources in 46 hours ago ... #hardware #tech-policy #apple #china #semiconductors #chips #big-data #fintech #analytics #startups #ecommerce #blockchain #cryptocurrency #gaming
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