JAKARTA - The administration of US President Donald Trump has exempted smartphones, computers, and several other electronic devices from "returns" rates, including the 125% levy imposed on Chinese imports.
The US Border and Customs and Excise Patrol issued a notice on Friday evening explaining the items would be excluded from Trump's global tariff of 10% in most countries and China's much larger import tax.
The move comes after concerns from US tech companies that gadget prices could skyrocket, as many of them are made in China.
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This is the first significant suspension of any form in Trump's new tariff against China. And a trading analyst described it as a "play-changer scenario".
The release - which has been in effect since April 5 - also includes other electronic devices and components, including semiconductors, solar cells, and memory cards.
"This is a dream scenario for technology investors," wrote Dan Ives, who is head of global technology research at Wedbush Securities, at X. "Smart cells and excluded chips are a game-changing scenario in terms of Chinese tariffs." he said as quoted by VOI from the BBC, Saturday, April 12.
Big tech companies like Apple, Nvidia, Microsoft, and the wider tech industry can breathe a sigh of relief this weekend, he added.
The White House indicated that the exception was made to ensure the company had more time to move production to the US.
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