Trump Backs Down: Tariffs on Phones, Computers, and Chips Exempted
New guidance from U.S. Customs and Border Protection exempts numerous tech products, including smartphones, computers, semiconductors, and other electronic components, from President Trump’s recently imposed 145% tariffs on Chinese goods. This exemption, retroactive to April 5th, 2025, averts potentially devastating consequences for tech companies and the broader economy, preventing significant price increases and market volatility. The move follows sharp market declines and pressure from tech industry leaders, averting what some analysts described as an “Armageddon” scenario for the tech sector. While these products may face future tariffs, the rates will likely be significantly lower.
John Q. Hosedrinker