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https://wccftech.com/trumps-reciprocal-tariffs-have-reported...
Or, the primary source seems to be:
https://content.govdelivery.com/bulletins/gd/USDHSCBP-3db9e5...
But you'd have to look up those codes to know they're for PCs, smartphones
Seems a bit anti-business to have an unequal playing field just for the star-bellied sneetches. Also silly that those with the biggest piles of capital are getting exemptions when the whole purpose of this exercise is to spur local investment in manufacturing. If anything, small businesses below some threshold of revenue/staff should be getting exemptions.
That’s how oligarchies work.
Seems a bit anti-business to have an unequal playing field just for the star-bellied sneetches. Also silly that those with the biggest piles of capital are getting exemptions when the whole purpose of this exercise is to spur local investment in manufacturing. If anything, small businesses below some threshold of revenue/staff should be getting exemptions.
Seems a bit anti-business to have an unequal playing field just for the star-bellied sneetches. Also silly that those with the biggest piles of capital are getting exemptions when the whole purpose of this exercise is to spur local investment in manufacturing. If anything, small businesses below some threshold of revenue/staff should be getting exemptions.
Ugh. Note that this is a capitulation. China's retaliatory import tariff rate remains in effect, and they get to decide which industries to relax, if any. The net effect is that if you're in one of the handful of businesses that export to China, the Trump administration threw you under the proverbial bus.
>This latest round of tariff rates is currently set at 125% for Chinese goods and a 10% tax on imports from other trading partners. China also had an additional 20% tax on its goods that began in March, bringing its total to 145%.
Importers of these electronics will no longer face the newest taxes, and it cuts the Chinese rate down to 20% for them. The exceptions cover $385 billion worth of 2024 imports, 12% of the total. It includes $100 billion from China, 23% of 2024 imports from there. For these electronics, the average tax rate went from 45% to 5% with this rule.
The biggest global exemption is the import category that includes PCs and servers, with $140 billion in 2024 imports, 26% of it from China. Circumstances may change again, but this benefits AI king Nvidia, server-makers like Dell, Hewlett Packard Enterprise
HPE
+2.91% , and Super Micro, and PC makers like Dell and HP
HPQ
+2.49% . The average tax rate went from 45% to 5% here, according to Barron’s calculations.
The biggest newly exempt category for Chinese goods is smartphones, with $41 billion in 2024 U.S. imports, 81% of all smartphone imports. A 145% tax on that would be $60 billion, but even the new 20% tax is a hefty $8 billion.
Seems a bit anti-business to have an unequal playing field just for the star-bellied sneetches. Also silly that those with the biggest piles of capital are getting exemptions when the whole purpose of this exercise is to spur local investment in manufacturing. If anything, small businesses below some threshold of revenue/staff should be getting exemptions.
Seems a bit anti-business to have an unequal playing field just for the star-bellied sneetches. Also silly that those with the biggest piles of capital are getting exemptions when the whole purpose of this exercise is to spur local investment in manufacturing. If anything, small businesses below some threshold of revenue/staff should be getting exemptions.
Do you think all the tech CEO’s attended his inauguration for nothing?
I never imagined I would see such public corruption in any western country. I am saying this as someone who supported some the current administrations agenda
It’s not clear whether Jamieson Greer is actually steering this, or if any of it was thoroughly thought through.