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The Latest Breaking News on Single Biggest Chinese Export Will Be Exempt From Trump Tariffs, Quietly Released US Customs Message Reveals

Single Biggest Chinese Export Will Be Exempt From Trump Tariffs, Quietly Released US Customs Message Reveals

The Trump administration has quietly added an exception to its massive tariffs on Chinese goods: smartphones, the country's number one export to the U.S.

Latin Times

Commerce Secretary Howard Lutnick says tariff exemption on electronic devices is temporary and semiconductor duties will come in ‘a month or two’

Lutnick referred to the new tariffs as “duties on semiconductors,” but they will span across other tech imports.

Fortune

Majority believes the wealthy and large corporations will benefit the most from Trump’s tariff plan

Americans’ view of tariff outcomes mirror opinion of 2017 Republican tax cuts set to be extended by Congress this year

The Independent UK

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To slow China's tech advances, Trump should keep its factories addicted to cheap exports via low tariffs, economist says

"If making America great again is its goal, Trump should not fear a comfortable China; he should fear a constrained one."

Fortune

US stock markets expected to recover after Trump drops tariffs on mobiles

Exemption, seen as a climbdown, includes laptops and chips, and is likely to help firms such as Apple and Nvidia

The Guardian - UK

Howard Lutnick says tariffs on smartphones ‘coming soon’ after Apple gets China reprieve

Howard Lutnick says tech exemptions will end within two months after investors celebrate tariff relief

The Independent UK

China says US tariff exemptions ‘small step in correcting wrong practice’

Beijing calls on Washington to ‘completely cancel’ its reciprocal tariffs amid an escalating trade war.

Al Jazeera

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Xi Jinping seeks to strengthen economic ties during tour of south-east Asia

President’s first stop is Vietnam as China urges US to end trade war and return to ‘right path of mutual respect’

The Guardian - UK

Terrible timing and huge uncertainty: how ports and shipping are handling tariff turmoil

As they reel from Trump’s policies, companies say volatile freight costs and congestion are now the norm

The Guardian - UK

China Calls On US To 'Completely Cancel' Reciprocal Tariffs

China on Sunday called on the United States to "completely cancel" its reciprocal tariffs after Washington announced exemptions for consumer electronics and key chipmaking equipment.

International Business Times

Trade, Power, and Propaganda: Inside the U.S.–China Economic Showdown

A high-stakes clash between economic superpowers reshaping global trade. Read more at Dynamite News.

Dynamite News

U.S. tariffs are about to trigger the greatest trade diversion the world has ever seen

United States President Donald Trump’s tariffs have shaken the global trading system. Canadians have rightly been preoccupied by the tariff’s devastating impact on U.S.-Canada relations, but the wider ripple effects could prove just as damaging.

The Conversation

No retreat on tariffs, Trump promised. Hours later, he blinked

As the economic and political pressure became unbearable, the US president changed course – but has the damage been done?

The Guardian - US

SNL’s Colin Jost and Michael Che mock Donald Trump’s tariffs U-turn in Weekend Update skit

Jost said that listening to Trump discuss tariffs was ‘like listening to Bubba Gump talk about shrimp’

The Independent UK

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The Guardian - UK

Do you yearn to hear Starmer condemn Trump? If so, you’re going to be disappointed

‘Don’t poke the beast’ remains the watchword at Number 10 even as the beast rampages around chewing the legs off the global economy

People

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