Trump administration to exclude smartphones and computers from latest
The Trump administration late Friday said it would exclude electronics like smartphones and laptops from “reciprocal” tariffs, a move that could help keep the prices down for popular consumer electronics that aren’t usually made in the U.S.
The move would also benefit big tech companies like Apple and Samsung, and chip makers like Nvidia.
U.S. Customs and Border Protection listed some 20 products that would qualify for the exemption. They include hard drives, memory chips, flat-panel monitors and solid-state storage devices, as well as machines used to make semiconductors.
That means they won’t be subject to the current 145 per cent tariffs levied on China, or the 10 per cent baseline tariffs elsewhere.
Trump previously said he would consider exempting some companies from tariffs.
The move takes off “a huge black cloud overhang for now over the tech sector and the pressure facing U.S. Big Tech,” said Wedbush analyst Dan Ives in a research note.
U.S. President Donald Trump announced a 90-day pause on his country-specific ‘Liberation Day’ tariffs — except for China, which now faces a tariff rate of 125 per cent.
Trump’s latest tariffs have raised fears of a U.S. recession and drawn criticism from his fellow Republicans, who do not want to lose control of the U.S. House of Representatives and Senate to Democrats in next year’s midterm elections.
Neither Apple nor Samsung responded to a request for comment early Saturday. Nvidia declined to comment.
The notice did not provide an explanation for the Trump administration’s move, but White House spokesperson Karoline Leavitt said in a statement after the exclusions were made public that Trump had secured trillions of dollars in U.S. investments from companies including Apple and Nvidia.
In late February, Apple announced it will invest more than $500 billion US over the next four years in the United States, some of that going toward a new manufacturing facility in Texas. In March, Nvidia promised to spend “several hundred billion” dollars to make semiconductors and other electronics in the U.S. over the same period of time.
Trump ran for re-election last year largely on a promise to bring down prices, which, fuelled by inflation from the pandemic and Russia’s war in Ukraine, had tarnished the economic reputation of then-president Joe Biden and his Democratic allies.
But Trump also promised as a candidate to impose the tariffs that have become a central part of his economic agenda, and the U.S. president has dismissed the turbulence in financial markets and expected price increases arising from the levies as a disturbance that was a necessary part of realigning the global economy and world trading order with his vision.
Apple has manufactured most of its iPhones in China since the first model hit the market 18 years ago.
“The concept of making iPhones in the…
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