What you need to know
- President Trump excluded smartphones, chips, and electronic parts from tariffs.
- He imposed 125% tariffs on products from China this month, and China retaliated with tariffs.
- This may mean no price increase on electronic devices.
Recent guidance from U.S. Customs and Border Protection states that smartphones and electronic components will not be subject to tariffs under President Donald Trump’s orders.
The news was reported by multiple sources, including CNBC and Bloomberg.
Android Central’s Jerry Hildenbrand explains that the goal of these tariffs is to encourage manufacturers to return to the U.S. If phone prices rise, it might be wise to stick with your current device.
If phones and electronic parts are exempt from tariffs, we may not see an increase in prices for these products.
Earlier this month, Trump imposed 125% tariffs on Chinese products, prompting retaliatory tariffs from China.
The impact of the trade war was seen in the recent price increase of the OnePlus Watch 3, from $330 to $500. While the reason for the price hike is unclear, many suspect the tariffs played a role.
This trade war has caused concern, as China manufactures not only smartphones but also various electronic components. Establishing domestic production in the U.S. would take time. The exemption brings relief to many.
CNBC indicates that the excluded devices include semiconductors, solar cells, displays, flash drives, memory cards, and storage drives.