Sebastian Gollnow/picture alliance via Getty Images
U.S.
Big Tech avoids ‘Armageddon’ after Trump exempts electronics from tariffs
By Drew Pittock (Evening Digital Producer)
- Many electronics U.S. consumers rely on such as smartphones, computers, tablets and TVs have been exempted from the steep tariffs that Trump imposed on China. The new guidance was detailed in a Customs and Border Protection memo issued late Friday evening.
- Apple, which was reportedly looking to move some of its manufacturing to India, houses around 80% of its production capacity in China.
- One analyst called the exemption a “game changer” that will stave off Big Tech’s “Armageddon.”
Full Story
Some of the most popular electronic consumer goods that are largely produced in China will not be subject to tariffs. In a U.S. Customs and Border Protection memo detailing updated tariff guidance issued late Friday evening, April 11, the Trump administration announced that smartphones, computers, TVs, flash drives, memory cards and more will be exempt from the 145% tariffs imposed on China earlier this month.
Media Landscape
See how news outlets across the political spectrum are covering this story. Learn more
Left 31%
Center 48%
Right 20%
Bias Summary
- The Trump administration has exempted smartphones, computers, and other electronics from reciprocal tariffs to lessen costs for American consumers, as published by the U.S. Customs and Border Protection office.
- The exemptions cover various electronic goods entering the U.S. from China, subject to an additional 145% tariff, which President Donald Trump has confirmed remains in place.
- The U.S. government indicates a long-term view on tariffs, impacting global markets and raising questions about domestic manufacturing of tech devices traditionally made in China.
- No summary available because of a lack of coverage.
- U.S. Customs and Border Protection announced that smartphones and computers are exempt from President Donald Trump's new tariffs on Chinese imports, providing relief to tech companies like Apple.
- Apple produces at least 80% of its products in China, including iPhones, iPads and Mac computers.
- Other excluded items include laptops and semiconductors, avoiding the 145% rate imposed on other goods from China.
Bias Distribution
Far
Left
Left
+0
Click to close
Click to close
Click to close
Click to close
Click to close
Click to close
Untracked Bias
Click to close
362 other sources covering this story
Total News Sources
362
Leaning Left
66
Center
102
Leaning Right
43
Last Updated
1 week ago
Bias Distribution Powered by Ground News™
The same electronics will also be exempt from the various tariffs other countries are facing, but which have been paused for 90 days.
Download the SAN app today to stay up-to-date with Unbiased. Straight Facts™.
Point phone camera here
Tariff exemption a ‘game changer’ for big tech
The move is a big win for American consumers, some of whom rushed out to buy new iPhones and computers ahead of Trump’s “Liberation Day” on April 2, when he rolled out his comprehensive tariff plan.
Likewise, the news is a boon for tech giants such as Apple, which houses around 80% of its production capacity in China, according to estimates cited by IND Money. Ahead of Friday’s announcement, Apple was reportedly considering moving its manufacturing to India.
In an interview with CNBC, Dan Ives, global head of technology research at Wedbush Securities, called the updated guidance a “game changer” that will stave off “Armageddon” for Big Tech.
“This is the dream scenario for tech investors. Smartphones, chips being excluded is a game changer scenario when it comes to China tariffs,” said Ives.
He went on to add, “I think ultimately big tech CEOs spoke loudly, and the White House had to understand and listen to the situation that this would have been Armageddon for big tech if [it] were implemented.”
While the guidance was issued Friday, it is retroactively effective as of April 5, meaning any shipments that left warehouses and manufacturing plants since the tariffs were imposed will not be subject to them.
Media Landscape
See how news outlets across the political spectrum are covering this story. Learn more
Left 31%
Center 48%
Right 20%
Bias Summary
- The Trump administration has exempted smartphones, computers, and other electronics from reciprocal tariffs to lessen costs for American consumers, as published by the U.S. Customs and Border Protection office.
- The exemptions cover various electronic goods entering the U.S. from China, subject to an additional 145% tariff, which President Donald Trump has confirmed remains in place.
- The U.S. government indicates a long-term view on tariffs, impacting global markets and raising questions about domestic manufacturing of tech devices traditionally made in China.
- No summary available because of a lack of coverage.
- U.S. Customs and Border Protection announced that smartphones and computers are exempt from President Donald Trump's new tariffs on Chinese imports, providing relief to tech companies like Apple.
- Apple produces at least 80% of its products in China, including iPhones, iPads and Mac computers.
- Other excluded items include laptops and semiconductors, avoiding the 145% rate imposed on other goods from China.
Bias Distribution
Far
Left
Left
+0
Click to close
Click to close
Click to close
Click to close
Click to close
Click to close
Untracked Bias
Click to close
362 other sources covering this story
Total News Sources
362
Leaning Left
66
Center
102
Leaning Right
43
Last Updated
1 week ago
Bias Distribution Powered by Ground News™
Straight to your inbox.
By entering your email, you agree to the Terms & Conditions and acknowledge the Privacy Policy.
MOST POPULAR
-
Kevin Carter/Getty Images
DHL suspends global shipments of more than $800 to US customers
Watch 2:054 hrs ago -
Budrul Chukrut/SOPA Images/LightRocket via Getty Images
Sensitive docs including WH floor plans shared with thousands: Report
Watch 2:427 hrs ago -
FPG via Getty Images
China tests hydrogen-based bomb that burns hotter, longer than TNT
Watch 2:397 hrs ago -
REUTERS/Kevin Lamarque
El Salvador offers prisoner swap to Venezuela involving US deportees
Watch 1:0810 hrs ago
