The Trump administration excluded products by America’s wealthiest company Apple and other global consumer electronics manufacturers from reciprocal tariffs leveled at China.
“All products that are properly classified in these listed provisions will be excluded from the reciprocal tariffs imposed under Executive Order 14257, as amended,” the U.S. Customs and Border Protection (CBP) said Friday in an update.
The new guidance will be applied retroactively to affected consumer electronics readied for import into the U.S. on April 5 at the earliest.
The excluded products — smartphones, laptop computers, hard drives and computer processors and memory chips — are often manufactured abroad, according to Bloomberg. Spending on innovation by American multinational companies in China grew by 13.6% on average per year between 2003 and 2017 but the same spending in the U.S. by…
