Washington D.C. — To assuage tech industry worries and soothe American consumer sentiments, former President Donald Trump announced on Friday that smartphones and computers will be exempted from tariffs targeted against Chinese imports.
This announcement follows ongoing trade tensions between the United States and China, where tariffs have become an important negotiating tool. Concerns have mounted about economic fallout as well as price increases on electronics that rely heavily on Chinese production networks.
Trump stated in a statement: “American consumers and workers shouldn’t be penalized with higher prices on essential products such as smartphones and computers,” adding, “We are taking strong stance against unfair trade practices while protecting innovation and everyday Americans.
Apple, Dell, and HP all rely on Chinese factories for key components and assembly of their devices, according to analysts. They anticipate this exemption protecting price stability within the tech market ahead of back-to-school and holiday shopping seasons.
Industry groups and major retailers praised the exemption. “We applaud the administration for acknowledging the vital role these devices play in Americans’ daily lives,” stated a representative from Consumer Technology Association.
Even with exemptions for smartphones and computers, other electronics and goods still fall under tariffs proposed as part of an effort to address intellectual property concerns and balance trade deficits.
Negotiations efforts between Washington and Beijing remain active, with both parties showing cautious optimism that an agreement can be reached.