Electronics imported into the U.S. will be exempt from President Donald Trump’s new reciprocal tariffs, according to a U.S. Customs and Border Protection notice posted Friday. The exemption, effective from April 5, includes smartphones, computer monitors, and various electronic components.
This follows the Trump administration's imposition of a 145% minimum tariff on Chinese imports, a move that could have significantly impacted tech companies like Apple, which assembles about 90% of its iPhones in China. Analysts estimate Apple has about six weeks of U.S. inventory, after which prices could have risen.
Trump mentioned there could be “a couple of exceptions” to the tariffs. While the White House hasn't commented, economists warn the tariffs may increase consumer prices, prompting a surge in big-ticket purchases and a drop in consumer sentiment.
The administration argues the tariffs aim to boost U.S. manufacturing. However, some products like semiconductors, which are mostly made in Asia due to lower costs, are difficult to produce domestically. These too are now exempt, benefiting companies like TSMC, Samsung, and SK Hynix.
Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods and raising the stakes in a trade war that threatens to up-end global supply chains.
Brazil is committed to ongoing trade negotiations with the U.S. while emphasizing its support for multilateralism and aiming to expand its trade network, according to Foreign Trade Secretary Tatiana Prazeres.
U.S. President Donald Trump's temporary rollback of newly imposed tariffs has eased market volatility but left many global businesses grappling with ongoing uncertainty over trade policy and supply chain disruptions.
U.S. stocks tumbled on Thursday after the White House clarified that tariffs on Chinese imports will total 145%, not the previously stated 125%, reigniting investor fears over the global trade outlook.
The European Union has decided to delay its planned countermeasures against U.S. tariffs for 90 days, following President Donald Trump’s temporary suspension of new duties on dozens of countries.
Police in Berlin have shot dead a man accused of fatally stabbing a 29-year-old at an underground station.
Türkiye and Iraq have once again emphasized the importance of each other's political unity, sovereignty, and territorial integrity.This commitment was reaffirmed in a joint statement following the conclusion of the fifth meeting of the High-Level Security Mechanism held on Sunday in Antalya, Turkey.
Somalia launched its national voter registration campaign on Sunday in the capital, Mogadishu, marking a significant milestone as the country prepares for its first direct elections in nearly six decades.
Pope Francis made a brief appearance in St. Peter's Square on Sunday at the end of a Palm Sunday service, greeting the crowds from his wheelchair as he continues to recover from double pneumonia.
Azerbaijan and the Maldives have reaffirmed their commitment to strengthening bilateral relations through enhanced cooperation in trade, tourism, and international diplomacy, following high-level talks at the Antalya Diplomacy Forum.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 10th, covering the latest developments you need to know.
The death toll from the catastrophic roof collapse at a nightclub in Santo Domingo has risen to 98, with more than 160 people injured, according to Dominican authorities.
A quiet Thursday afternoon at St. Peter’s Basilica turned into something extraordinary, as visitors caught a rare glimpse of Pope Francis — not in his familiar white papal robes, but dressed in black trousers and a striped blanket.
In a dramatic about-face, U.S. President Donald Trump on Wednesday announced a 90-day pause on newly implemented tariffs for dozens of countries — a move that eased market turmoil but further escalated tensions with China.
The European Union will begin imposing retaliatory tariffs on U.S. products next week in response to President Donald Trump's sweeping trade measures, joining other global powers in escalating a trade conflict.
Police in Berlin have shot dead a man accused of fatally stabbing a 29-year-old at an underground station.
Somalia launched its national voter registration campaign on Sunday in the capital, Mogadishu, marking a significant milestone as the country prepares for its first direct elections in nearly six decades.
Pope Francis made a brief appearance in St. Peter's Square on Sunday at the end of a Palm Sunday service, greeting the crowds from his wheelchair as he continues to recover from double pneumonia.
The helicopter that crashed into New York City’s Hudson River on Thursday, killing six people including three children, had no flight recorders on board, US safety investigators revealed, raising concerns over the challenges of determining the cause of the tragedy.
Several regions in Ukraine faced heightened alert on Palm Sunday, as reports of explosions and missile threats drew public attention and official responses.
Police in Berlin have shot dead a man accused of fatally stabbing a 29-year-old at an underground station.
Türkiye and Iraq have once again emphasized the importance of each other's political unity, sovereignty, and territorial integrity.This commitment was reaffirmed in a joint statement following the conclusion of the fifth meeting of the High-Level Security Mechanism held on Sunday in Antalya, Turkey.
Somalia launched its national voter registration campaign on Sunday in the capital, Mogadishu, marking a significant milestone as the country prepares for its first direct elections in nearly six decades.
Pope Francis made a brief appearance in St. Peter's Square on Sunday at the end of a Palm Sunday service, greeting the crowds from his wheelchair as he continues to recover from double pneumonia.
Azerbaijan and the Maldives have reaffirmed their commitment to strengthening bilateral relations through enhanced cooperation in trade, tourism, and international diplomacy, following high-level talks at the Antalya Diplomacy Forum.
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