Phones and laptops exempted from new tariffs, know why Trump took this big decision
US President Donald Trump has once again taken a big decision. It is being told that the Trump administration has planned to keep smartphones, computers and other electronics out of reciprocal tariffs. Some big tech companies had expressed concern about the new tariff system. These companies said that due to increasing tariffs, the prices of their products will increase more in the global market.
The Awadh Times, New Delhi: US President Donald Trump has announced to impose reciprocal tariffs on many countries around the world. He also implemented the new tariff system. However, later this decision was banned for 90 days. Currently the new tariff system is applicable only on China.
Now US President Donald Trump has taken a new decision. According to the information, the Trump administration has planned to keep smartphones, computers and other electronics out of reciprocal tariffs. It is being told that this decision was announced late on Friday night.
Many businesses had voiced worry over the new tariff structure:
It was told that this decision has been taken after the concerns of big tech companies like Apple and Samsung. The companies had expressed concern about the new tariff being imposed by America. The companies had said that due to the tariff, the prices of their products may suddenly increase in the global market. This is because many products of these companies are made in China.
Exemption to these devices from tariff:
According to the new order issued by America, various electronic devices are included in this exemption. It also includes semiconductors, solar cells and memory cards.
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