Weekend info on what appears to be a reversal on tariffs from Trump, an easing on tech goods.
The U.S. Customs and Border Protection issued a notice late Friday stating that certain goods would be excluded from both Trump’s 10% global tariff on most countries and the significantly higher import tax on Chinese products.
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Smartphones and computers are among the tech products exempted from Trump’s 145% tariffs on Chinese goods.
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Other exempted electronic items include:
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Semiconductors
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Solar cells
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Flat panel TV displays
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Flash drives
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Memory cards
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Its not clear if such items might still face future tariffs, the rates are expected to be much lower than 145%.
The move is seen as a win for tech companies, particularly Apple, which manufactures most of its products in China.
This will be a tail wind for asset markets.
