Trump exempts smartphones from reciprocal tariffs after market rout (www.ft.com)

submitted 1 week ago by misk@sopuli.xyz to c/news@beehaw.org

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Archive: https://archive.is/2025.04.12-132331/https://www.ft.com/content/3eb48a07-7cb0-4a44-9159-eb5b402c2fec

The Trump administration has excluded smartphones from its steep “reciprocal” tariffs as it battles to calm global markets by tempering its approach to the multifront trade war launched by the president.

According to a notice posted late on Friday night by Customs and Border Patrol, which is responsible for collecting tariffs, smartphones, along with routers and selected computers and laptops, would be exempt from reciprocal tariffs, which include the 125 per cent levies Donald Trump has imposed on Chinese imports.

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[-] Powderhorn@beehaw.org 5 points 1 week ago

So, the 20% fentanyl tariff still applies.

[-] sxan@midwest.social 2 points 1 week ago* (last edited 1 week ago)

No, no. CIA imports are exempt.

this post was submitted on 12 Apr 2025

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