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Home » Trump threatens new tariffs on smartphones

Trump threatens new tariffs on smartphones

China has called on Donald Trump to "completely cancel" his tariffs regime

by NWMNewsDesk
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Donald Trump says Chinese-made smartphones and other electronics will not be exempt from tariffs – adding they are simply moving into a different levy “bucket”.

Trump chimed in on social media, saying there was no exemption for these products and called such reports about this notice false. Instead, he said that “they are just moving to a different Tariff ‘bucket'”.

Trump added: “We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations.”

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He said he would provide an update on Monday about semiconductor duties.

Trump has said his policy will redress unfairness in the global trading system, as well as bring jobs and factories back to the US.

Everyday devices such as smartphones and laptops rely on semiconductors, which are small and powerful pieces of tech that form the basic building blocks of modern computation.

The Chinese commerce ministry had called Trump’s exemptions a “small step” by the US and said that Beijing was “evaluating the impact” of the move.

But the suggestion by Trump administration officials of plans for future levies may dampen hopes of a thaw in the two rivals’ protectionist posture.

Trump imposed a tariff amounting to 54% on imports of products from China at the beginning of April, before escalating to the current 145% rate.

In its own tit-for-tat tariffs, China imposed levies of 34% on US goods, before increasing it to 84% and then 125%, which took effect on Saturday.

The White House has argued that it is using tariffs as a negotiating tactic to extract more favourable trade terms from other countries.

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