Will smartphones and laptops become cheaper?
Trump government's big announcement regarding electronics tariff
The strict tariff rules imposed by US President Donald Trump had caused a stir in trade around the world. But now the news is coming that the US Customs and Border Protection Office has announced a big relief. Under this announcement, smartphones, computers and other electronic goods have been excluded from the tariff war. This decision will not only provide relief to American consumers in the prices of high-tech products, but will also give a new boost to the technology sector.
Big discount in tariff on electronics coming from China
Under this new policy, many electronic items coming to America from China are now excluded from the heavy duty imposed by Trump. Let us tell you that earlier an additional duty of up to 145 percent was levied on them. But now things like smartphone parts, computer processors and hard drives have been exempted. Also, important components like semiconductors have also been excluded from the baseline 10 percent tariff and special 125 percent duty on China.
The tariff issue was raised in the meeting of the World Trade Organization
The issue of exemption on tariff was also raised in the recent meeting of the Goods Trade Council of the World Trade Organization (WTO). The US defended its old decisions by raising the issue of reciprocal tariff. China strongly opposed this and said that these policies of America are spreading instability in the global economy. China had already registered its objection on this issue in the meeting and said that this attitude of America is harmful for developing countries.
China's sharp attack on America
China directly attacked these trade policies of America and said that the trade environment is deteriorating all over the world due to tariff war. China called the Trump tariff 'misuse in the name of national security' and termed it completely unacceptable. China said that America's policies have ended stability in trade, which is hindering global development. In the coming times, it will be interesting to see how much relief this exemption of America gives to global trade.
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