Trump Halts China Tariffs on Smartphones, Computers, Electronics

Taiwan shares end up over 300 points on U.S. rally - Focus Taiwan

Taipei, April 15 (CNA) Shares in Taiwan moved higher sharply by more than 300 points Tuesday as buying was sparked by a rally in the United States overnight on the back of exemptions on tariffs from the White House for electronics items such as smartphones and computers, dealers said.

Only on Friday, the US lowered its tariffs on electronic products from China. A conversation with Apple CEO Cook brought him to a rethink, the president said. But now the government indicates new tariffs.

Trump now says smartphones ‘not exempt’ from tariffs

WASHINGTON / BEIJING: Days after his administration ‘exem­pted’ electronics items — such as smartphones — from its new tariff regime, US President Donald Trump has claimed that they are simply being moved into a different levy ‘bucket’, BBC News reported. European markets rebounded on Monday morning, following last week’s announcement that some of these products would escape levies of up to 145 per cent. However, BBC News quoted US officials as …

Trump gave tech companies a break from tariffs. Here’s how long that could last.

President suggests fresh flexibility for Apple in White House comments. Article Attribution | Read More at Article Source The post Trump gave tech companies a break from tariffs. Here’s how long that could last. appeared first on RocketNews.

Trump won’t admit it – but he blinked first in his China trade war

Having promised to wage a trade war on China with the most punishing tariffs yet, Trump’s White House quickly and quietly backtracked when it came to Apple iPhones and other computers, writes Chris Blackhurst – who warns that ultimately, the US will have to find common ground with president Xi

In the midst of a trade war with China that has caused panic in the financial markets, the United States has moderated its stance by exempting smartphones, computers and other electronic devices from the massive tariffs imposed by its president, Donald Trump. According to a Customs Service provision released on Friday night, these exemptions apply in particular to electronic devices imported from China, whose products face 145% levies on their e…