Connect with us

INDIA

Trump Govt To Announce Separate Tariffs For Electronics And Semiconductors Soon?

Published

on

Trump Govt To Announce Separate Tariffs For Electronics And Semiconductors Soon?


US Tariffs: Smartphones, computers, and a few other electronics will come under “separate tariffs”, along with semiconductors, the United States Commerce Secretary Howard Lutnick said on Sunday in an interview with ABC, Reuters reported. 

These separate tariffs may come into effect in around a month, he added. This information on separate sector-based tariffs comes after the Trump administration on Friday said it would exclude electronics like smartphones and laptops from ‘reciprocal’ tariffs. 

As per PTI, tariff exemption could help keep the prices down for popular consumer electronics that are not made in the US. In addition, it would also benefit tech giants like Apple, Samsung, and Nvidia.

According to media reports, Lutnick said in the interview that the government’s decision to exempt a few electronic items from tariffs that was announced earlier was temporary. He informed about the electronics being excluded from the reciprocal tariffs and into separate ‘semiconductor tariffs’ that could come into effect in the coming months. 

He also asserted that the US needs electronic items to be made in America itself, which would make them less reliant on countries in Southeast Asia like China. 

Smartphones, Computers, Laptops Exempted From US ‘Reciprocal’ Tariffs

The US Customs and Border Protection said items like smartphones, laptops, hard drives, flat-panel monitors, and some chips would qualify for the exemption. Machines used to make semiconductors are excluded as well. 

PTI reported, this exclusion means that they would not be subject to the current 145 percent tariffs levied on China or the 10 percent baseline tariffs elsewhere.

US Reciprocal Tariffs

Since assuming office for his second term, Trump has reiterated his stance on tariff reciprocity, emphasising that the US will match tariffs imposed by other countries, including India, to ensure fair trade. Following this, in early April, Donald Trump announced reciprocal tariffs on several countries. 

He had alleged that there was an imbalance between the said countries and the US. 

Later, the US President paused the reciprocal tariffs for 90 days on dozens of countries that have engaged in negotiations with the country’s administration for a trade deal. However, the high reciprocal tariffs levied on China continued, as per ANI.

(with agencies’ inputs)





Source link

INDIA

Pahalgam Attack: India Notifies Pakistan About Indus Waters Treaty Suspension, Cites These Reasons

Published

on

Pahalgam Attack: India Notifies Pakistan About Indus Waters Treaty Suspension, Cites These Reasons






Source link

Continue Reading

INDIA

AIMIM Wins Hyderabad Local Bodies MLC Election

Published

on

AIMIM Wins Hyderabad Local Bodies MLC Election



Hyderabad: AIMIM candidate Mirza Riyaz Ul Hassan Effendi on Friday won the election held to Telangana Legislative Council’s Hyderabad Local Authorities’ constituency, defeating his BJP rival N Goutham Rao.

The Asaduddin Owaisi-led AIMIM and BJP contested for the seat for which voting held on April 23. The ruling Congress and main opposition BRS did not field candidates.

Of the 88 votes polled, the AIMIM candidate secured 63 votes, while the BJP got 25 votes, official sources said.

The total number of eligible voters in the election was 112 consisting 81 Corporators of the Greater Hyderabad Municipal Corporation (GHMC) and 31 ex-officio members (MLAs, MPs, and MLCs).



Source link

Continue Reading

INDIA

Pahalgam attack LIVE: India informs Pakistan of its decision to keep Indus Waters Treaty ‘in abeyance’

Published

on

Pahalgam attack LIVE: India informs Pakistan of its decision to keep Indus Waters Treaty ‘in abeyance’



Panun Kashmir urges Centre to issue travel advisory for Kashmir, says situation ‘far from normal’



Source link

Continue Reading

Trending

Copyright © 2025 Republic Diary. All rights reserved.