The US reviewed their position by excluding smart cell phones, computers and some other electronic products imported mainly from China
In the midst of a trade war with China that has caused panic in the financial markets, the US has revised their position excluding smart cell phones, computers and some other electronic products imported mainly by China, by recent ‘mutual’ duties imposed by President Donald Trumpgiving a great breath to technology companies, such as Apple, based on imported products.
In its service, the US Customs and Border Protection Office has published a list of specific codes excluding import duties, with a retroactive effect from April 5. It includes 20 product categories, such as code 8471 that concerns all computers, laptops, hard drives and automatic data processing. Also included are semiconductor appliances, equipment, memory chips and flat computer screens.
This update did not give any explanation for this decision, but the exception gives US consumers who are in danger of seeing the prices of these popular products to raise. It will also benefit technology giants such as Apple, which manufactures its iPhones and other top products in China, and Dell Technologies. Excluded products account for more than 20% of US imports from China, according to US customs data cited by Specialist in the topic of China Jerd Dipippos.
Asked yesterday about the reasons that led to the exceptions and plans for semiconductor, Trump told reporters on the Presidential Aircraft: “I’ll give you this answer on Monday. I will be very specific on Monday. “
Dan Ivs, a Wedbush Securities analyst, said the announcement is the most positive news that one could hear this weekend.
“There is still uncertainty and volatility with these negotiations with China … Great technology giants such as Apple, Nvidia, Microsoft and the wider technological industry can take a big breath this weekend to Monday”Ivs said in his note.
Exceptions suggest that the Trump government is beginning to understand more and more the impact that duties can have on consumers. Even with a lower tariff rate of 54% in Chinese imports, analysts predict that the price of a top Apple iPhone model can increase to $ 2,300 from $ 1,599. At 125%, economists and analysts argue that it could actually get a brake into the US-China trade.
Smart phones were the US main imported product from China in 2024, totaling $ 41.7 billion, with Chinese laptops coming second, at $ 33.1 billion, according to the US Statistical Service. Apple recently chartered freight aircraft to carry 600 tonnes of iPhones, or about 1.5 million mobile phones, to the US from India after increasing its production there in an effort to tackle Trump’s duties.
Source :Skai
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