{"id":273980,"date":"2025-04-12T18:48:10","date_gmt":"2025-04-12T18:48:10","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2025\/04\/12\/trump-blinks-for-now-econbrowser\/"},"modified":"2025-06-25T17:08:53","modified_gmt":"2025-06-25T17:08:53","slug":"trump-blinks-for-now-econbrowser","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2025\/04\/12\/trump-blinks-for-now-econbrowser\/","title":{"rendered":"Trump Blinks (For Now) | Econbrowser"},"content":{"rendered":"

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From Bloomberg:<\/p>\n

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President\u00a0Donald Trump\u2019s administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs, representing a major reprieve for global technology manufacturers including\u00a0Apple Inc.<\/a>\u00a0and\u00a0Nvidia Corp<\/a>. even if it proves a temporary one.<\/p>\n

The exclusions,\u00a0published<\/a>\u00a0late Friday by US Customs and Border Protection, narrow the scope of the levies by excluding the products from Trump\u2019s 125% China tariff and his baseline 10% global tariff on nearly all other countries.<\/p>\n

The exclusions apply to smartphones, laptop computers, hard drives and computer processors and memory chips. Those popular consumer electronics items generally aren\u2019t made in the US.<\/p>\n<\/blockquote>\n

One estimate (Barron\u2019s<\/a>) indicates the exemptions cover $385bn (2024) worth of imports. Assume all of the imports were from China and extended for a year with no quantity response, that would reduce the tariff burden by $558 billion<\/span>[better estimate $84 billion from China, rest from RoW, so $169bn]. Of course, as noted by Bloomberg, the reprieves will likely\u00a0 prove to be temporary, albeit the end-tariff rates at lower than 145%. (The actual amount of revenue obtained if the 145% tariff were in place for an entire year would be lower due to the reduction of import quantity, which depends on the price elasticity of electronics imports).<\/p>\n

So, policy uncertainty remains (at record) high:<\/p>\n

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