Punctuating the end of a wild week on Wall Street thanks to Donald Trump’s global tariffs, the Trump administration has amended the list of imports that will be affected making computers and smart phones exempt from the tariffs.
The exemption comes amid worries of how President Trump’s steep new tariffs will affect American tech companies that rely on supply chains in China, like Apple. [image or embed]
— NPR (@npr.org) April 12, 2025 at 10:02 AM
From NPR:
The exemption will apply to President Trump’s steep “reciprocal tariffs” imposed across dozens of countries, which have since been paused until early July as well as the 145% levies currently in place on China. That was the only country excluded from the reciprocal tariff pause.
The exemption is effective for products that entered the U.S. or left warehouses starting on April 5.
The electronics exemption is a major development in the tariff war with China, which has imposed a 125% tariff on U.S. goods. Prices for electronics from China, a key sector, had been expected to spike.
Also on the exempt list are semiconductors, solar cells, flat panel TV displays, flash drives, memory cards and solid-state drives used for storing data. Apple was thought to be particularly threatened by Trump’s 125% tariffs on products, especially due to iPhones coming into the U.S from China. Apple CEO Tim Cook, who donated $1 million to Trump inaugural fund, must be relieved.
QUID: Tim Cook donates $1,000,000 to Donald’s inaugural slush fund.
PRO QUO: Tim Cook’s #1 revenue generator is exempt from crippling tariffs on goods made in China. #Corruption [image or embed] — Mrs. Betty Bowers (@mrsbettybowers.bsky.social) April 12, 2025 at 9:38 AM
President Trump blinks again and gives tariff exemptions that benefit companies like Apple, Nvidia, and Samsung. “My policies will never change!” apnews.com/article/trum… [image or embed]
— Rob Archer (@robarcher.bsky.social) April 12, 2025 at 9:14 AM
Discover more from The Randy Report
Subscribe to get the latest posts sent to your email.