Brief by Shorts91NewsDesk / 02:25pm on 12 Apr 2025,Saturday Business
The United States has exempted smartphones and computers from President Donald Trump's global tariffs, narrowing the scope of levies that included a 125% tariff on Chinese imports and a 10% baseline tariff on other countries. This move provides significant relief to the tech industry, which had been bracing for increased costs. The exemptions were announced by the U.S. Customs and Border Protection. Additionally, a notice from the China Semiconductor Industry Association indicated that U.S. chipmakers outsourcing manufacturing to Taiwan would be exempt from China's retaliatory tariffs, as the country of origin would be classified as Taiwan. This development is expected to ease tensions in the ongoing trade disputes. (PC: Wikipedia)
