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Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

bloomberg.com

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Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#201

Post by wraaath »

Here's the set of categories exempted from the tariffs (via perplexity) Original source: https://content.govdelivery.com/accounts/USDHSCBP/bulletins/... Backup: https://archive.is/el9Mz

via Perplexity:

8471: Automatic data-processing machines and units thereof, including computers, laptops, disc drives, and other data processing equipment.

8473.30: Parts and accessories for automatic data-processing machines, such as components used in computers.

8486: Machines and apparatus for the manufacture of semiconductor devices or electronic integrated circuits.

8517.13.00: Mobile phones (cellular telephones) or other wireless network devices.

8517.62.00: Communication apparatus capable of connecting to a network, such as routers and modems.

8523.51.00: Solid-state storage devices (e.g., flash drives) used for recording data.

8524: Recorded media, such as DVDs, CDs, and other optical discs.

8528.52.00: Flat-panel displays capable of video playback, including monitors and televisions.

8541.10.00: Diodes, including light-emitting diodes (LEDs).

8541.21.00: Transistors with a dissipation rate of less than 1 watt.

8541.29.00: Other transistors not specified elsewhere.

8541.30.00: Thyristors, diacs, and triacs used in electronics.

8541.49.10 to 8541.49.95: Semiconductor devices such as integrated circuits (ICs) categorized by specific types or functions.

8541.51.00: Semiconductor devices designed for photovoltaic applications (solar cells).

8541.59.00: Other semiconductor devices not elsewhere classified.

8541.90.00: Parts of semiconductor devices or electronic integrated circuits.

8542: Electronic integrated circuits, including microprocessors and memory chips.

Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#203

Post by throw310822 »

jonplackett wrote: post #60
cinbun8 wrote: post #30

From an outsider’s perspective, it’s difficult to discern any coherent U.S. strategy—assuming one even exists. One day it’s a 145% tariff on China. The next, it’s “Well, it’s still 145%, but Apple and Nvidia are exempted because their stock prices might take a hit.” Then comes a 90-day pause, adding to the confusion. It’s not clear whether Jamieson Greer is actually steering this, or if any of it was thoroughly thoug…

This is the only explanation that has made sense to me so far. And it makes even more sense based on these exemptions. https://www.instagram.com/share/_jW_V1hwM This is Senator Chris Murphy explaining it’s not economic policy, it’s an attempt to blackmail corporations into submission by making a deal with him in return for sanctions relief. Keep an eye out for what Apple and nvidia might have agreed to give.

Sorry, but what would have been the consequences of the tariffs on Chinese imports? Do you imagine American citizens having to pay twice or more for an iPhone (or not getting one at all) because of Trump? Not being able to afford a new laptop, because of Trump? Not being able to buy all the cheap consumer electronics, because of Trump? The "blackmail" (except it's simply the consequences of his own actions) goes two ways here- see also the TikTok debacle: or how to explain to hundreds of millions of enraged Americans that they cannot use their favourite social network because of Trump.

Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#204

Post by codedokode »

brookst wrote: post #119
throwaway48476 wrote: post #106

Earlier quoted context omitted.

If you spend more money than you make, then yes it's broken. And no printing money is not a solution, it's just a different form of taxation.

Are you confusing the budget deficit with the trade deficit? Is that what all this is about? I spend far more on restaurants, household services, and vehicle maintenance than those companies pay me. I have a massive trade imbalance with those companies. But that has nothing to do with whether my household budget is balanced. Do people really think that making goods more expensive for consumers will somehow produce th…

> I spend far more on restaurants, household services, and vehicle maintenance than those companies pay me. I have a massive trade imbalance with those companies.

And if, for example, a sales tax was increased this would motivate you to buy less services, make food at home and learn how to fix your car.

Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#206

Post by codedokode »

walterbell wrote: post #180

Per Bloomberg, 20% fentanyl tariff on China still applies and these categories may yet receive their own unique tariff, https://archive.is/jKupW The exemption categories include components and assembled products, https://content.govdelivery.com/bulletins/gd/USDHSCBP-3db9e5... 8471 ADP (Automatic Data Processing) Machines: PCs, servers, terminals. 8473.30 Parts for ADPs: keyboards, peripherals, printers. 8486 Machines…

> 8486 Machines for producing semiconductors & ICs: wafer fab, lithography.

Does US buy them from China too?

Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#208

Post by pseudalopex »

gbil wrote: post #139
jonplackett wrote: post #60

Earlier quoted context omitted.

This is the only explanation that has made sense to me so far. And it makes even more sense based on these exemptions. https://www.instagram.com/share/_jW_V1hwM This is Senator Chris Murphy explaining it’s not economic policy, it’s an attempt to blackmail corporations into submission by making a deal with him in return for sanctions relief. Keep an eye out for what Apple and nvidia might have agreed to give.

This assumes that he has more power than the tech companies on the everyday life and I wonder if that is really the case. As I'm not located in the states, I'm very much interested to hear from a US resident if that is really the case.

> This assumes that he has more power than the tech companies on the everyday life

How?

Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#209

Post by walterbell »

codedokode wrote: post #206
walterbell wrote: post #180

Per Bloomberg, 20% fentanyl tariff on China still applies and these categories may yet receive their own unique tariff, https://archive.is/jKupW The exemption categories include components and assembled products, https://content.govdelivery.com/bulletins/gd/USDHSCBP-3db9e5... 8471 ADP (Automatic Data Processing) Machines: PCs, servers, terminals. 8473.30 Parts for ADPs: keyboards, peripherals, printers. 8486 Machines…

> 8486 Machines for producing semiconductors & ICs: wafer fab, lithography. Does US buy them from China too?

Unlikely. The exclusions above are for reciprocal tariffs from all countries, i.e.

  China        0% reciprocal + 20% (fentanyl) + 2018-2024 rates
  non-China    0% reciprocal

Re: Trump exempts phones, computers, chips from ‘reciprocal’ tariffs

#210

Post by someoldgit »

01100011 wrote: post #171
perihelions wrote: post #59

This reads to me as "we're doubling-down on 145%+ tariffs for everyone else". This is getting frighteningly close to a Russian-style economy. As in, a handful of powerful, connected "insiders" will be allowed to operate businesses, and will dominate... while everyone else gets wiped out, by acts of government. The furthest system possible from the free-market paradigm that built the American economy as it stands toda…

No. This reads as capitulation by Trump who is now finding out his long held, half-baked economic theories are wrong. Trump got spanked by the bond market and realized how weak his position was. He can't walk it all back overnight without appearing even weaker than he already is. He's going to slowly roll back most consequential tariffs to try to escape blame for damaging the economy.

Trump’s next book: “The Art of the Fold”.
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