Apple, Tech sector relieves: smartphones, laptops were excluded and other major electronics trump tariffs were left
U.S. Customs and Border Protection New guidelines have been issued that specify some technology devices and components, they will be exempted from the mutual tariff initiated by US President Donald Trump. The latest notice comes when previous action raised important concerns for technology companies, especially Apple, which produces most of its iPhones and other products within China.
According to a CNBC report, the information was aired on late evening of Friday (April 11). The latest guidance is a direct reaction to President Trump’s earlier decision to impose 145% tariffs on products generated from China.
Phone, PC, Chips left from Trump’s mutual tariff
The new-Jari tariff guidance identifies a series of electronics that will receive exclusion. This list includes laptops, semiconductors, solar cells, flat panel television displays, flash drives, memory cards and solid-state drives, all of which are used for data storage.
In particular, these products can be subject to future duties. These discounts represents somewhat favorable results for technology companies such as Apple. According to Evercore ISI data, Apple produces more than 80% of its products in China, including 80% iPads and more than half its Mac computers.
Recently, Apple experienced a loss of more than $ 640 billion in the market price in the period after President Trump’s tariff declaration.
In addition, Apple reportedly chartered several cargo flights to weigh about 600 tonnes from India to America, to ship several cargo flights to an estimated 1.5 million iPhones. The move is aimed at ramping the inventory in the country to reduce the possible impact of the tariff threatened by Trump in the country.
