Electronics imported to US exempted from tariffs

These include smartphones, computer monitors, and electronic parts.

File photo: iPhone 16e

Major development on US-imposed tariffs

Following the imposition of tariffs on various imported goods, the US Customs and Border Protection has announced that electronics imported to the country will be exempt from such dues.

All products that are properly classified in these listed provisions will be excluded from the reciprocal tariffs imposed under Executive Order 14257, as amended, pursuant to Section 3(b)(iv) of that Order, effective for merchandise entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01AM Eastern Daylight Time on April 5, 2025, the agency said in a notice.

Among those exempted from the dues are smartphones, computer monitors, and various electronic parts. Meanwhile, this does not include the 20 percent tariff on Chinese goods for the country's role in the fentanyl trade, a CNN report noted.

This development would definitely have an impact on tech giants such as Apple, which makes its products in China.

Big Tech firms like Apple, Nvidia, Microsoft and the broader tech industry can breathe a huge sigh of relief this weekend into Monday, Wedbush said in a statement.

The White House has said that Trump will continue to urge tech companies to move production to the United States.

Economists have warned that the imposition of tariffs may ultimately be passed on to the consumer.

Nintendo has announced that it would postpone the US pre-order date of its Switch 2 gaming console to "assess the potential impact of tariffs and evolving market conditions."

What do you think, guys?

Source: US Customs and Border Protection, Via: CNN