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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[-] theangriestbird@beehaw.org 18 points 1 week ago

Another day, another stupid 180 from our mercurial king 🙃

[-] The_Che_Banana@beehaw.org 9 points 1 week ago

had to wait for the bottom of the market for phone makers before telling everyone who kisses his ass to buy, buy, buy

[-] HumanPenguin@feddit.uk 8 points 1 week ago

After 2 180s you are pointing the right way or never were.

Given at some point trump was not in charge. Seems another angle is needed for them all to be idiotic.

They are idiotic just not 180s

[-] 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

25 points (100.0% liked)

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