US exempts counterpart tariffs on phones and electronic devices

Thanh Hà |

Smartphones and other electronic devices will be exempted from the reciprocal tax of US President Donald Trump.

The Trump administration announced that smartphones, computers and other electronic components are exempt from counterpart tariffs, the Washington Post reported on the night of April 12, Vietnam time.

The decision comes days after the US imposed its highest tariffs on foreign goods in a century.

According to the document issued by the US Customs and Border Agency, there are about 20 items exempted from counterpart tax when imported into the US.

The newly exempted electronic items also include solar panels, flat-screen TVs, flash drives, computer processors, memory chips, semiconductor-based storage devices and machinery mainly used to produce semiconductors.

The announcement came after China announced a 125% tariff on all US goods on the morning of April 11.

The total tax of 145% that President Donald Trump applied to all Chinese goods imported into the US, which is expected to affect technology companies like Apple - iPhone assembly in China.

For electronic equipment manufacturers, especially Apple, the tax exemption that the US announced is considered a great support, the Washington Post pointed out.

Apple is already facing the prospect of having to pay a new import tax of $700 or more for each $1000 iPhone imported from China, based on the US tax rate on Chinese goods.

However, the postponement of new taxpayers with phones and other electronic items may be temporary, ABC News pointed out. Mr. Trump said he would impose taxes on specific fields, like a semiconductor chip.

Thanh Hà
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