The United States will exempt the reciprocal tax on important types of consumer electronics such as smartphones, laptops, hard drives, memory chips …
Notice of tax exemption above has just been given by the US Customs and Border Guard (CPB). Thus, the above consumer electronic items will avoid the 145% tax rate applied separately to goods from China and 10% with other economies.
In addition to electronic devices such as smartphones, laptops, hard drives, memory cards, the Trump administration also exempted reciprocal taxes for machines to produce semiconductors, semiconductors, solar cells.
Theo CNBCthese items may be supplemented in the future, but the likelihood will be significantly lower than the total 145% that Mr. Trump is applying to China. The reciprocal tax exemption is considered a positive signal for technology companies such as Apple, producing more than 80% of products in China. In the past week, Apple has sometimes evaporated 640 billion USD because of Mr. Trump’s tax attack.
“This is a dream scenario for technology investors. Smartphones and chips are removed from the tax -subject list is a factor that changes the game in tariffs with China,” said Dan Ives, global director of technology research at Wedbush Securities.
According to Ives, tariffs are black clouds covering the technology industry since the first day of application, because no field has suffered more damage than major technology companies. He said that the CEO of Big Tech in the US has spoken strongly and the White House is forced to understand and listen.
When the US -China trade war escalated, many American consumers raced to buy products imported from abroad because of the upcoming fear of the price may rise. Many Americans instead of waiting for Apple to launch a new iPhone model as if every time she decided to own an early phone for fear of this item increased when the reciprocal tax took effect.
In the middle of the week, according to ReutersApple rented an aircraft to transport 600 tons of iPhone, equivalent to more than 1.2 million units from India to the US.
3 days ago, Mr. Donald Trump announced the postponement of the taxpayer with dozens of major trading partners in 90 days, temporarily bringing the tax to 10%. However, the reciprocal tax on China was raised from 84% to 125%. Thus, the total tax that Chinese goods suffered during Mr. Trump’s 2nd term was 145%.