U.S. has announced tariff exclusions for certain tech products, including smartphones, laptops, semiconductor-making machines, hard drives, processors, and memory chips. These items, which are not commonly manufactured in the U.S., have been temporarily excluded from Trump’s 125% China-specific tariffs and the general 10% global tariff. The decision was published by U.S. Customs and Border Protection to prevent overlapping tariffs on key consumer electronics.
However, this relief may not last long. The exclusions are based on the original trade order and aim to avoid piling multiple tariffs on the same goods. While the current move protects these products for now, they might still face separate, likely lower, tariffs in the near future—especially those coming from China.
Weekend Nasdaq 100 futures have now soared over 590 points, while weekend Dow futures are up by 549 points.
Source: Bloomberg
Update
White House confirms that all electronics imported from China remain under a 20% tariff.
Trump said that the tariffs on semiconductors, which were in place since April 5, will be refunded.
President Trump says he will share more information about the semiconductor and electronics tariff exemptions on Monday.
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