The Trump administration is forging large tariff exemptions for the technology industry.
While President Donald Trump said Wednesday that he delay many of the rates that shake the market That he had announced the previous week, maintained a 10% universal base rate in place, while increasing tariffs in Chinese products to 125% (in addition to a 20% tariff that had already imposed on China’s goods).
It has been speculated on what tariffs will mean for the technology industry, which manufactures many consumer electronic products in China and other places abroad. One of Trump’s declared objectives is to return manufacturing to the United States, but others believe The dream of an American manufacturing iPhone is a fantasy.
These debates can be stopped after Friday night, when they published customs and border protection of the United States. A list of product categories that are “excluded from the reciprocal rates imposed under the executive order 14257”, with the exclusions return to April 5.
These categories seem to include smartphones, laptops, hard drives and semiconductors. All these products will be exempt from both 125% of the rate of China’s goods and the universal reference rate. (Other tariffs, such as the previous 20% rate on Chinese products, would probably be applied).
The notable figures from Silicon Valley directed by Elon Musk have joined the Trump administration, while other technology CEO have been courting Trump, more visibly with millions of dollars donated to its inauguration. Those efforts seemed to bear little fruit, until the announcement last night, that Daniel Iives, head of global technology research at Wedbush Securities, described as “a dream scenario for technological investors.”
It is likely that technological giants such as Apple and Nvidia celebrate the news, as well as US consumers who will avoid a great margin on their next iPhone. But the industry could still be affected with more specific tariffs and other restrictions. For example, the New York Times informs that The Trump administration is preparing an investigation related to national security in semiconductors.
