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Zero Hedge
ZeroHedge
12 Apr 2025


NextImg:Trump Exempts Computers, Handsets, Chips From Reciprocal Tariff Blitz 

U.S. Customs and Border Protection (CBP) issued an updated guidance late Friday night on product exclusions from President Trump's reciprocal tariffs, imposed under Executive Order 14257 and its amendments (EO 14259). The exclusions cover a wide range of electronic devices, including smartphones, laptops, and related components.

First, President Trump paused reciprocal tariffs for non-retaliating countries (e.g., China) for 90 days last week. Now, updated guidance from CBP reveals that some of the highest-value trade—particularly a wide range of electronics—is excluded from the reciprocal tariffs

Among the 20 tariff codes listed for exemption, three stand out in particular:

Here's the complete list:

To close out the week, the U.S.–China trade war escalated in a highly predictable tit-for-tat fashion. The U.S. now imposes a 145% effective tariff rate on Chinese goods, while Beijing has retaliated with a 125% rate on American products.

Meanwhile, Wall Street analysts have already trimmed sales estimates for U.S. companies with Chinese exposure, including Apple and Tesla, as economic storm clouds gather over global trade.

Notably, most of the products now exempt from reciprocal tariffs are those the U.S. lacks the capacity to produce at scale—highlighting the need for significant reshoring, investment, and supply chain restructuring. 

Many of these products are also consumer essentials—items Americans couldn’t live without, such as smartphones and computers—making them politically sensitive. The Trump administration likely chose not to risk upsetting consumers ahead of the Midterms. 

In markets, this news will be fuel to stage a further recovery...

Nasdaq Breadth...

As Wedbush's Dan Ives notes, Big Tech and investors 'got the dream news'.  .  . 

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