Trump Tarifs: in a Major Relief for the Global Electronics Sector – Including Manufacturers and Consures in India – US President Donald Trump Has Announced Tariff Examples on Smartphanes Imported into the country on saturday. The move also covers laptops, hard drives, computer processors, memory chips, and several other tech components from the trump’s ‘reciprocal tarifs’.
According to a notice from us customs and border protection, the exemption shields these products from trump’s 10% Global Tariff and the MUCH Steaper 145% tariff on Chinese Imports. The policy, effective from april 5, applies to goods entering the us or related from bonded warehouses on or after that date.
This decision is likely to benefit global tech players such as apple, which assembles many of its devices in China. The exemption extends to semiconductor, Solar Cells, and Memory Cards – Easing Pressure on a Tech Industry Alredy Navigating Global Supply Chain Challenges.
Earlier, President Trump said he could offer some examptions to his 10 per cent tariff on most us trading partners. “There could be a couple of exceptions for obvious reasons, but I would say 10 per cent is a floor,” Trump Told Reports on Friday Aboard Air Force One En Route to Florida.
Meanwhile, the first phase of the bilateral trade agrement between India and the us is likely to be concluded within the tariff-paired period of 90 days by the donald trump administration, Official sources.
The terms of reference for the agreement have been finalized and further negotiations are scheduled to take place primarily through video conference, although if required, ALTHOUGH IF Requird, Indian Negotiators May Visit Vashingtonirs Us Officials Can come to Delhi, Senior Officials Said. (With inputs from ians)