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.
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U.S. President Donald Trump on Monday threatened to impose a 5% tariff on Mexico, accusing the country of violating a water-sharing treaty.
The United States will reduce import duties on South Korean automobiles to 15%, effective retroactively from 1 November, according to an announcement by U.S. Commerce Secretary Howard Lutnick on Tuesday.
The United States government announced Monday that it will exempt pharmaceuticals, pharmaceutical ingredients, and medical‑technology products originating from the United Kingdom from current and future U.S. tariffs as part of a newly negotiated trade agreement in principle.
Britain’s finance minister, Rachel Reeves, announced on Friday that she intends to raise approximately £500 million ($655 million) annually by eliminating the tariff exemption for individual goods imported into the UK that cost under £135.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
Iran and Saudi Arabia reiterated their commitment to enhance ties following a joint meeting with China in Tehran on Tuesday to follow up on implementation of the 2023 Beijing Agreement which resulted in resumption of their diplomatic relations after eight years.
Tanzania's government warned on Monday that protests scheduled for Tuesday would be illegal and amounted to an attempted coup, as security forces were heavily deployed in major cities.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
Qarabağ FK is facing Ajax in a key Champions League league phase match at the Tofiq Bəhramov Stadium in Baku.
Hungary’s move to secure guaranteed Russian gas transit through Türkiye has stabilised a key supply corridor, but the country’s continued reliance on Moscow raises questions.
Ukraine faces a narrowing diplomatic space as pressure builds around U.S. backed peace proposals, warning that the structure of the conflict may leave little room to avoid difficult territorial choices.
Democracies must be prepared to fight for freedom in order to survive, Nobel Peace Prize laureate Maria Corina Machado said on Wednesday, in a speech delivered by her daughter during a ceremony Machado could not attend.
The possibility of restricting social media access for children is a hot topic in the European Union and the United Kingdom, after Australia implemented a world-first ban for those under 16. Lawmakers have labelled the ban a “real-world test” of how far governments can go to protect young people.
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