Trump exempts smartphones and laptops from new tariffs

AI Analysis

The Trump administration has announced a significant shift in its tariff policies, carving out exemptions for the tech industry while maintaining a universal baseline of 10% tariffs. This move comes after President Donald Trump delayed many of the previously announced market-shaking tariffs. However, the administration has decided to maintain the 10% tariff on all goods imported from China.The decision to delay certain tariffs may be seen as an attempt to alleviate some pressure on American businesses, particularly in the tech sector. On the other hand, the increased tariffs on Chinese goods to 125% are likely to have a profound impact on global trade and consumer markets.The long-term consequences of this move are still unclear, but it is evident that the US-China trade war has reached a critical juncture. As tensions continue to escalate, it remains to be seen how this decision will ultimately affect the global economy and American consumers.

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Original Article

The Trump administration is carving out big tariff exemptions for the tech industry. While President Donald Trump said Wednesday that he would delay many of the market-shaking tariffs that he’d announced the previous week, he kept a universal baseline 10% tariff in place, while also increasing tariffs on Chinese goods to 125% (on top of […]

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