Trump Exempts Smartphones and Computers from U.S.-China Tariff Surge
The U.S. maintains steep tariffs on Chinese imports while exempting key tech products to ease consumer costs.
- President Trump has exempted smartphones, computers, and certain semiconductor components from the recent tariff hikes on Chinese imports, aiming to shield consumers from price increases.
- The U.S. continues to impose high tariffs on Chinese goods, with rates reaching 145%, prompting a retaliatory 125% tariff on American products by China.
- Trump's tariff strategy includes a 90-day suspension of reciprocal tariffs for most trading partners, excluding China, signaling a selective approach in the ongoing trade conflict.
- The White House stated the tariff measures are part of a broader effort to encourage industrial reshoring to the United States.
- Despite escalating tensions, Trump expressed optimism about the possibility of reaching a trade agreement with China, according to White House officials.