Summary
- The Trump administration has removed electronics, even those imported from China, from the tariffs introduced last week.
- Products still face pre-existing and other tariffs, as well as a 20% duty imposed on pressure to crack down on fentanyl shipments.
- The news follows Trump’s decision to impose a 90-day pause on new tariffs for most countries, while increasing the rate for China to 145%.
- Smartphones, laptops, hard drives, computer processors and semiconductors for manufacturing were all removed from the tariffs list.
- It had been expected the new tariffs on China would lead to an increase in tech prices in the US.
- Sony and OnePlus have already increased prices on products, while Nintendo and Apple have attempted to mitigate the impact of the tariffs.
By Wes Davis
Original Article