Trump U Turn On Tariff Due To Apple And Samsung Pressure Smartphones And Laptop excluded

Trump U-turn On Tariff Policy: Taking a big U-turn, the Trump government has made significant changes in its tariff policy. Now electronics products such as smartphones, laptops, hard drives, flat-paanle monitors and some chips have been excluded from the purview of tariffs. This will benefit big tech companies like Apple and Samsung.

According to the US Customs and Border Protection, these items will no longer have a base line tariff of 145% for China and 10% for other countries. This decision has come at a time when there was increasing dissatisfaction with inflation in the market.

U-turn taken under pressure from companies?
Experts believe that this decision has been taken in view of the pressure and potential economic recession of the companies. More than 90% of iPhones are made in China and due to tariffs, their prices could have doubled in the US. Due to this fear, there was restlessness between both consumers and companies. Although the Trump government has described this change as a step taken towards “promoting domestic manufacturing”, it is also clear that the US is still dependent on Asia supplied chains and it is not possible to change it overnight.

Tramp’s tariff policy journey so far
Donald Trump emphasized the agenda to “promote American construction” since becoming President. He implemented 145% tariffs on China, 26% on India and other countries. The purpose of these tariffs was to promote production in the US and create jobs, but China also retaliated and imposed 84% tariff on goods coming from America. This “trade war” is now affecting the global economy, which has increased inflation and instability.

Will smartphones be cheap now?
At the moment, it seems that electronics products like smartphones and laptops will not be expensive. After the tariff exemption, their prices will not be affected immediately, but experts believe that the situation is still unstable and new announcements can be made at any time. Meanwhile, protests have also started in the US regarding Trump’s tariff policy. People believe that such policies put additional burden on consumers.

Let us know that this U-turn of Trump administration is relieved for the tech industry. Consumers will not be afraid to increase prices due to lack of tariffs on products like smartphones and laptops, but there is instability in policy, and there is every possibility of new tariffs or changes in the future.