US Grants Tariff Relief for Key Tech Products
The US government has decided to ease tariffs on a wide range of technology products, offering relief to major US tech giants like Apple and Dell Technologies.
Smartphones, Computers, and Chips Temporarily Excluded
US Commerce Secretary Howard Lutnick said on Sunday that certain electronics — including smartphones, computers, and semiconductors — may be subject to new tariffs in the near future. However, for now, they are excluded from the existing steep tariffs.
Speaking on ABC’s “This Week,” Lutnick noted that these products will be considered under a separate set of tariffs, which could be imposed within a month.
Broad Exemptions Announced for Imported Electronics
On Friday, the US Customs and Border Protection agency issued a notice listing 20 product categories that are now excluded from import taxes. These categories include the broad 8471 code, which covers computers, laptops, disc drives, and automatic data processing machines. The list also includes semiconductors, memory chips, flat panel displays, and related equipment.
These exemptions are a major boost for US tech giants, especially those that depend on imported components and finished goods. Apple, for instance, relies heavily on parts from China, Taiwan, and India for its iPhones and other devices.
The notice did not explain why the exclusions were made. Still, the move lowers costs for companies importing electronics from outside China, especially from countries like Taiwan and India.
Trump’s Administration to Clarify Semiconductor Plans
President Donald Trump addressed the exemptions briefly on Saturday, saying, “I’ll give you that answer on Monday.” He hinted that a more detailed announcement would follow, suggesting that further tariff measures are under review.
Trump added, “We’re taking in a lot of money, as a country, we’re taking in a lot of money,” referring to the revenue from tariffs.
with inputs from Reuters
