It has provided a great chance to technology companies like Apple, which depend on imported products.
China said it was evaluating the impact of the exclusions. In a statement today, the Ministry of Commerce called the change of “a small step for us to correct its wrong practice of unilateral reciprocal tariffs.”
“The bell around a tiger’s neck can only be untied by the person who tied up,” the ministry said, asking the US to take a big step to correct what he called irregularity and canceling the rates completely.
In a warning to Shipperslate on Friday, the US customs and border protection agency published a list of tariff codes excluded from import taxes, with retroactive effect from 12:01 pm (16h01 NZT).
It presented 20 product categories, including the 8471 Large Code for all computers, laptops, disk units, and automatic data processing. It also included semiconductor devices, equipment, memory chips and flat panel views.
The warning gave no explanation for change, but exclusion provides well -being -by major technology companies such as Apple Aapl.O, Dell Technologies Dell.n and many other importers.
The action also excludes specified electronics from 10% Trump -line tariffs on the goods other than China, relieving import costs for Taiwan and Apple iPhones produced in India.
Asked on Saturday about his reasoning for semiconductors’ exemptions and plans, Trump told reporters: “I will give you this answer on Monday. We will be very specific on Monday … We are receiving a lot of money, as a country, we are getting a lot of money.”
For Chinese imports, the exclusion of technology products applies only to Trump’s reciprocal tariffs, which rose to 125% this week, according to a White House employee. Trump’s previous 20% in all Chinese imports he said were related to the US Fentanil crisis remain in force.
But the employee said that Trump would launch a new national trade in semiconductor commercial investigation soon, which could lead to other new tariffs.
Wedbush’s securities analyst Dan Ives called the announcement about the technological exclusions “the most optimistic news we could have heard this weekend.”
“There is still uncertainty and clear volatility ahead with these negotiations from China … Large technology companies such as Apple, Nvidia, Microsoft and the widest technology industry can breathe a huge sigh of relief this weekend,” Ives said in a sector note.
Beijing increased its own tariffs on US imports to 125% on Friday, recovering Trump’s decision to further increase Chinese goods tasks and increase bets on a trade war that threatens to increase global supply chains.
On Wednesday, Trump announced a relief for rates in dozens of countries, while raising rates on Chinese imports effectively to 145%.
Many CEOs from the technology company adopted Trump when he starts his second term, participating in his inauguration of January 20 and celebrating with him later. Apple’s CEO Tim Cook organized a pre -rured ball and visited Trump at his Florida home.
The White House Gate, Karoline Leavitt, said in a statement that Trump made it clear that the US cannot trust China to manufacture critical technologies such as semiconductors, chips, smartphones and laptops.
But she said that, towards Trump, major technology companies, including Apple and chip manufacturers, Nvidia NVDA.O and Taiwan Semiconductor 2330.TW “are striving for their manufacture in the United States as soon as possible.”
Tariff
Exemptions suggest increasing awareness within the Trump administration of the effect of their tariffs on US consumer who are tired of inflation.
Even at a rate of 54% lower in Chinese imports, analysts predicted the price of a cutting -edge Apple iPhone could rise to $ 2300 (US $ NZ3940) of $ 1599 (US $ NZ2739). With 125%, economists and analysts said US-China trade could stop largely.
Smartphones were China’s main US importation by 2024, totaling $ 41.7 billion (US $ NZ71.4 billion), while Chinese laptops were second in $ 33.1 billion (US $ NZ56.7 billion), according to US Census Bureau data.
Apple recently chartered the load flights to carry 600 tons of iPhones, or up to 1.5 million to the US in India, after intensifying production there in an effort to beat Trump’s fares, Reuters said on Friday.
Trump’s White House campaign last year focused on a vow to reduce prices. But he also promised to impose rates he considers essential to realizing the world commercial order and ruled out turbulence in financial markets and rate price increases as a necessary disorder.
His so -called “reciprocal tariffs”, however, raised fears of a recession in the US and attracted criticism from some of his Republicans, who do not want to lose control of Congress in the medium term elections of next year.
Trump told reporters on Friday that he was comfortable with the high tariffs in China, but had a good relationship with President Xi Jinping and believed something positive would come out of the commercial conflict between them.
Their tariff movements caused turbulence in the financial markets. US actions ended a higher volatile week, but gold insurance paradise has reached a record during the session and the US government’s securities income have recorded their biggest weekly increase since 2001, along with a drop in the dollar, signaling a lack of confidence in the US.
