Trump Exempts Phones, Computers, and Chips from New Tariffs, Including on Chinese Imports
- The Trump administration exempted consumer electronics such as smartphones, laptops, and some chips from tariffs on May 9, 2025, in the United States.
- This exemption follows tariffs imposed on April 2, 2025, aimed at pressuring China, but recognizes these goods are rarely made domestically and reshoring would be costly and slow.
- The exemption covers items like hard drives and flat-panel monitors and benefits major tech firms such as Apple, Samsung, and Nvidia, whose products are largely manufactured overseas.
- Up to 80% of iPhones sold in the U.S. are made in China and the exemption prevents these goods from 145% tariffs, which could triple prices, thus helping to stabilize consumer costs.
- The move reduces pressure on the tech sector, potentially boosting stocks, but trade policy uncertainty remains and manufacturing shifts to the U.S. are unlikely soon.
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614 Articles
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