Trump, top aides fuel tariff confusion by questioning reciprocal exemptions [View all]
Source: CNBC
Published Sun, Apr 13 2025 11:50 AM EDT Updated Sun, Apr 13 2025 5:27 PM EDT
President Donald Trump and his top trade officials on Sunday added to the confusion over his administration’s tariff plans, including newly announced exemptions for reciprocal tariffs on electronic products such as phones, computers and semiconductors.
Trump and his aides suggested the exemptions — which erased added tariffs of 145% on many Chinese electronics devices and components — would be partially or completely reversed in coming weeks. A separate 20% tariff on all Chinese goods is still in effect.
The exemptions were first revealed in technical guidance issued late Friday evening without fanfare by U.S. Customs and Border Protection, and confirmed by the White House on Saturday.
But Trump on Sunday afternoon cast doubt on the duration of the exemptions, which were seen as a boon for tech companies, including Apple, which makes iPhones and most of its other products in China.
Read more: https://www.cnbc.com/2025/04/13/trump-commerce-chief-says-not-like-a-permanent-sort-of-exemption-for-phones-computers.html
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