Trump lifted tariffs on smartphones and computers after hitting American companies
📱💻💥
After imposing a 125% tariff on Chinese goods, the Trump administration reconsidered its decision — as it would have harmed American tech giants that produce goods in China.
❌ Tariffs lifted on:
• smartphones 📱
• computers 💻
• chips 🔌
📦 Exceptions also made for:
• semiconductors ⚙️
• solar cells ☀️
• displays for flat-screen TVs 🖥️
• flash drives and memory cards 💾
• SSD drives 🧠
Why is that?
The excessively high tariff threatened the American companies themselves, which depend on Chinese production. They decided not to cut the branch they are sitting on.
In fact, only 2 actions remain, and the Fed will cut the rate. But whether that growth everyone is counting on will begin after this - is unclear…