April 16, 2025
Trump's administration refused duties on smartphones, laptops and some other electronics thumbnail
Economy

Trump’s administration refused duties on smartphones, laptops and some other electronics

This means that these goods will not fall under 145% duties on Chinese products and a basic 10% duties on imports from other countries”, – WRITE: www.radiosvoboda.org

US Presidential Administration Donald Trump has decided not to apply new mutual duties to a series of electronics, including smartphones and laptops.

The solution involves the exclusion from the tariffs also hard drives, monitors, some circuits and equipment for semiconductors. This means that these goods will not fall under 145% of duties on Chinese products and a basic 10% duties on imports from other countries.

The market is expected to respond to this weakening of the growth of technology companies on Monday. The decision can also remove consumers’ fears about increasing electronics prices.

At the same time, the Trump administration maintains a course on the transfer of critically important equipment to the United States. According to the White House Prescribe, Carolin Levitt, companies such as Apple, TSMC and Nvidia have already pledged to invest in US production.

Apple has promised to invest $ 500 billion in the US in February and create 20,000 jobs for four years.

US President Donald Trump on April 2 announced the introduction of duties on goods from all over the world that will be imported to the United States.

The introduction of duties by the United States has led to the fall of indices in the world’s leading markets, the fall of the dollar and fears about possible global recession. Trump explains his actions to protect the interests of the US and US companies.

But on April 9 Trump declared a 90-day pause and a “significant reduction” of mutual tariffs with 75 countries.

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