Topics
Latest
AI
Amazon
Image Credits:Andrew Harnik / Getty Images
Apps
Biotech & Health
clime
Image Credits:Andrew Harnik / Getty Images
Cloud Computing
Commerce
Crypto
go-ahead
EVs
Fintech
Fundraising
convenience
Gaming
Government & Policy
Hardware
Layoffs
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
Social
Space
startup
TikTok
Transportation
speculation
More from TechCrunch
upshot
Startup Battlefield
StrictlyVC
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
touch Us
The Trump administration is carving out big tariff exemption for the technical school manufacture .
While President Donald Trump said Wednesday that he woulddelay many of the grocery - shaking tariffsthat he ’d announced the previous week , he kept a world-wide baseline 10 % tariff in place , while also increase tariffs on Chinese goods to 125 % ( on top of a 20 % tariff that he ’d already imposed on good from China ) .
There ’s been plenty of guess aboutwhat the duty will mean for the tech diligence , which manufactures many consumer electronics in China and elsewhere abroad . One of Trump ’s stated goal is to bring manufacturing back to the United States , but others believethe dream of an American - made iPhone is a fantasy .
Those disputation may be paused after Friday evening , when U.S. Customs and Border Protection posteda inclination of product categoriesthat are “ leave off from the reciprocal duty imposed under Executive Order 14257 , ” with the exclusions backdate to April 5 .
Those class appear to include smartphones , laptops , knockout drive , and machine that make semiconducting material . Those merchandise will all be exempt from both the 125 % tariff on goods from China and from the universal baseline tariff . ( Other duty , such as the previous 20 % duty on Formosan goods , would presumably still apply . )
Notable Silicon Valley figuresled by Elon Muskhave joined the Trump administration , while other tech chief operating officer have been courting Trump , most visibly with millions of dollars donate to his inauguration . Those efforts seemed tobear little fruit — until last night ’s promulgation , which Daniel Ives , spheric headway of technology research at Wedbush Securities , describedas “ a dream scenario for tech investor . ”
technical school giants like Apple and Nvidia are belike celebrating the news , as are U.S. consumers who will avoid a braggy markup on their next iPhone . But the manufacture could still be hit with more targeted duty and other restrictions . For example , The New York Times reports thatthe Trump governance is preparing a national security measure - relate investigationinto semiconductors . And indeed , U.S. Commerce Secretary Howard Lutnick saidSunday that these products would be included in “ the semiconductor unit duty , which are occur in belike a month or two . ”
