Phones and computers will be exempted from the taxes proposed by Donald Trump. Apple company, among the beneficiaries
The Trump administration announced on Friday evening that the electronics imported to the US will be exempted from the “mutual” customs duties imposed by the US president.
Smartphones are among the products that will be exempted from photo rates: Shutterstock
Smartphones, computer monitors and other types of electronic parts are among the products that will be exempted from rates. The exemption applies to products entering the United States or has been removed from deposits starting April 5, according to an announcement by the American authorities, according to CNN.
The decision came after Donald Trump imposed a minimum tariff rate of 145% on China imported goods. The rates will have a strong impact on Tech giants like Apple, which produce iPhone phones and other related products in China. Around 90% of Apple's iPhone production is done in China, according to estimates.
Counterpoint Research, a company that monitors global smartphone deliveries has estimated that Apple has goods for six weeks in the US. Once these reserves are exhausted it is expected that prices will increase.
The White House said on Saturday that Trump will continue to do technology companies to move production to the United States.
“President Trump has said clearly that America cannot rely on China to produce essential technologies such as semiconductors, chips, smartphones and laptops. This is why the president has insured US trillion investments in the world's largest technology companies, including Apple(Taiwan semiconductor Manufacturing Company) and NVIDIA. At the President's indication, these companies are in a hurry to move their production to the United States as soon as possible“Said Karoline Leavitt, the press secretary of the White House.
Donald Trump told reporters on Friday, Air Force One, that there could be more exceptions from his rates.
“Could be some exceptions for obvious reasons, but I would say that 10% represent a ceiling“Said the US president, according to the quoted source.
Economists continue to avenge that the new costs produced by customs duties could finally be paid by American consumers. This fear led to the situation in which Americans rushed to buy high-value products, such as cars and electronics, for fear of increasing prices.
The Trump administration claims, however, that its rates will lead to a revitalization of the American industrial sector and that they will reverse a tendency of decades of automation and movement of production to other countries. Some products, however, cannot be produced or found in the US, so that generalized tariffs will only cause inflation.
