The U.S. administration has granted tariff exclusions for smartphones, computers, and various electronic devices primarily imported from China, marking a significant relief for tech companies like Apple. This decision, effective retroactively from April 5, aims to address the high prices U.S. consumers face due to increased tariffs that have recently risen to 125%. Analysts believe this move is partly a response to consumer demand and pressure from U.S. tech giants.
The exclusions cover 20 product categories, including computers and semiconductors, and may lead to further exemptions. Experts warn, however, that maintaining high tariffs could elevate domestic inflation, with predictions that it could rise from the current 2.5% to as high as 4% this year. The article emphasizes that the U.S. reliance on Chinese supply chains, particularly for tech products like the iPhone, complicates the trade landscape, and calls for a reevaluation of tariffs to avoid ongoing economic issues.
Source link
