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.
Iran's ambassador to the United Nations in Geneva said talks between the United States and Iran had made "good progress", with both sides set to estab...
The visit also took on symbolic importance as the two leaders travelled to the liberated cities of Shusha and Fuzuli, areas Azerbaijan regained after ...
South Korea has announced it will accept North Korean prisoners of war captured by Ukrainian forces while fighting for Russia if they wish to relocate...
A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited...
Authorities in France are reporting that about 20 people have died over the weekend while swimming in unsupervised areas of rivers, lakes and coastal ...
The European Union has moved closer to finalising a trade agreement with the United States in an effort to avoid a new tariff escalation threatened by President Donald Trump. The proposed deal is aimed at stabilising transatlantic trade ties amid mounting economic and political pressure.
The European Union has moved closer to implementing tariff cuts under last year’s U.S. trade agreement after negotiators agreed on a provisional legislative text.
U.S. President Donald Trump and China's Xi Jinping are set to meet on Friday (15 May) to wrap up a two-day state visit that has featured pomp and business deals but also a warning from Xi that mishandling the Taiwan issue could send relations spiraling.
Chinese President Xi Jinping and U.S. President Donald Trump are holding high-level talks in Beijing on Thursday, following a ceremonial welcome, with both leaders highlighting cooperation despite ongoing tensions.
At least thirteen people have died and sixty-six have been injured following an explosion at Qatar's main liquefied natural gas (LNG) processing hub at Ras Laffan, authorities said on Sunday.
Cape Verde’s remarkable FIFA World Cup debut continued on Sunday (21 June) as the tournament newcomers held Uruguay to a 2-2 draw. Goalkeeper Vozinha was once again at the centre of the story, this time with his mother watching from the stands.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
Armenia and Azerbaijan have agreed on a landmark internet deal that will allow traffic to pass through Azerbaijani networks.It's the latest deal to highlight the ongoing peace process between the two countries.
Three students have been killed and at least seven injured after two of their peers opened fire in a high school in the Philippines, police said. A spokesperson for the police said the two suspects, aged 14 and 15, had been arrested and a police pistol confiscated. Bullying is a possible motive.
South Korea has announced it will accept North Korean prisoners of war captured by Ukrainian forces while fighting for Russia if they wish to relocate to the South, citing international law and opposition to forced repatriation.
A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited by the TASS news agency. No injuries were reported in the incident.
Authorities in France are reporting that about 20 people have died over the weekend while swimming in unsupervised areas of rivers, lakes and coastal waters as they tried to escape the heatwave.
A shooting in Montreal, Canada has left three people dead, including a police officer, a civilian and the suspected attacker, police said.
Attendees at undeclared free parties in France could face on-the-spot fines of €1,500 ($1,713) or up to six months in prison under proposed new legislation currently being reviewed by the French National Assembly.
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