Phone and Computer Prices Dodge Trump’s Mega-Tariffs
The U.S. administration has announced key exemptions to its recent tariff policies, specifically excluding smartphones, computers, and electronic components from the 125% China-specific tariff and the 10% global tariff affecting most other nations. The exemptions, detailed in a U.S. Customs and Border Protection release, cover a range of electronic products including laptops, hard drives, computer processors, and memory chips. This decision acknowledges the current reality that these items are primarily manufactured outside the United States, with domestic production capabilities potentially requiring years to develop. The exemption mainly benefits Apple's operations, as the company primarily manufactures its phones in China through orders from its Cork, Ireland facility. There had been concerns that supply chain disruptions could impact the profitability of Apple's Irish operations and subsequent corporate tax payments in Ireland. Semiconductor manufacturing equipment also received exemption status, a significant development for […]
