Trump Grants Tariff Relief to Tech Firms

The Trump administration has removed tariffs on several electronics imported mostly from China. The move benefits major tech companies like Apple, NVIDIA, and Dell Technologies, which rely on overseas production. In a notice to shippers, the U.S. Customs and Border Protection listed 20 product categories that are now excluded from import taxes. These include computers, laptops, disc drives, semiconductor devices, memory chips, and flat panel displays.

The exclusions are retroactive to April 5. This applies to Trump’s 10% tariffs on imports from most countries and higher tariffs on Chinese goods, which had risen to 125%. While this lowers costs for products made in Taiwan and India, earlier tariffs tied to the U.S. fentanyl crisis remain.

Industry analysts welcomed the decision. Daniel Ives from Wedbush Securities called it the “most bullish news” for the tech sector. Many tech executives, including Apple’s Tim Cook, have maintained close ties with Trump, attending his events and meetings.

A White House official confirmed a new national security trade investigation into semiconductors is coming. White House spokesperson Karoline Leavitt said the U.S. must stop depending on China for critical tech. Major companies are now working to shift production to the U.S.