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US President Donald Trump answering questions at the White House. The photo is from 7 April.
US President Donald Trump on Sunday announced that smartphones, computers and other electronic equipment such as such as Taisa tariff have been exempted, but it is for a short time. He announced to start an investigation under the National Security Tariff on the semiconductor sector and the entire electronics supply chain.
Trump said in a social media post that a separate tariff will be imposed on these electronics things. Earlier, American Commerce Secretary Howard Lutnik had said that the discount to other electronic goods including smartphones and computers is temporary. He said that within the next 2 months, there is a plan to put a separate tariff on these things. It will be announced later.
Lutnik said that new fees will be levied keeping in mind national security, so that these products can be produced in America. However, the pro -Trump billionaire investor Bill Ekman advised to further increase the 90 -day ban on tariffs and to temporarily reduce them by 10%, so that American companies could take their supply chains out of China without much disruption.
Relief to American tech companies from exemption on electronic goods
On Saturday, a notice was issued by the American Customs and Border Protection (CBP) that smartphones, computers and other electronic equipment have been exempted from reciperook tariffs. This decision is considered to be a big relief for many American tech companies.
Last week, due to the continuous change in Tram’s tariff policy, the biggest turmoil was seen in Wall Street since the 2020 Kovid epidemic. Standard and Puers 500 index fell more than 10% since Trump came to power on 20 January.
In response to Trump’s 145%, China retaliated on Friday, increasing its tariffs on US imports by 125%. However, the Commerce Ministry of China appealed to the US on Sunday to completely eliminate the reciperook tariff.
China said- who tied the bell around the lion’s neck, he opened
The Chinese Ministry had said that only the person who has tied the bell tied around the lion’s neck. America took a big step to rectify its mistakes. The recipes should completely cancel the wrong practice of the tariff and return to the path of mutual respect. China also said that it is currently evaluating the decision to keep electronics goods out of the scope of tariffs, as it is still a 145% tariff on most Chinese goods. China had said- will fight till the end instead of bending
Amid the ongoing Tariff War with the US, China said a few days ago that it would choose to fight till the end of the US instead of bending. Chinese Foreign Ministry spokesman Mao Ning said that China is not afraid of provocation, it would not back down.
Mao Ning shared many posts on social media. It also had a video of Mao Jedong, a former Chinese leader. Mao is saying in it- we are Chinese. We are not afraid of provocation. We do not back down. The video is from 1953 when China and the US were indirectly face to face in the Korean war.
In the video, Mao says- We cannot decide how long this war will last. It depends on the President Truman or Eisenhwar or the new President. No matter how long this battle goes, we will never bow down. We will fight until we win completely.
Mao Ning shared a picture in another post. It states that American will buy only Chinese goods even after the price is expensive.
China is insisting on increasing new industry and innovation China has government bonds of about 600 billion pounds (about $ 760 billion) in the US. This means that China has a great force to influence the American economy. At the same time, China has also started its preparation.
China has given an additional $ 1.9 lakh crore loan to the industrial sector. This intensified the construction and upgradation of factories here. Huawei has opened a research center for 35,000 engineers in Shanghai, 10 times larger than Google’s California headquarters. This will speed up technology and innovation capacity.
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Trump removed the recipe-rich tariff from the smartphone-computer: also exemption to semiconductor, solar cell and memory card; Relief to American tech companies from the decision
US President Donald Trump on Saturday exempted smartphones, computers and other electronic equipment from the reciperook (such as Ko Tit) tariff. This announcement was made at a time when the US had put the most tariff on foreign goods in a century. Read the full news here …