On Friday, the Trump administration announced all smartphones and various computing hardware would be exempt from the significant 145% tariffs on imported goods from China. However, by Sunday, President Trump seemed to retract this, clarifying on Truth Social that these items would simply be grouped into a new tariff ‘bucket’.

Key Developments

• Trump declared exemptions covering smartphones, laptops, and other crucial hardware, but soon after, officials indicated these would still incur separate tariffs.
• U.S. Commerce Secretary Howard Lutnick stated on ABC that there would still be taxations on these products imposed soon.
• Following this, Trump hinted at upcoming tariff announcements on semiconductors.

The ongoing tariff strategy continues to create confusion among consumers and stakeholders alike. It is still uncertain how these proposed tariffs will ultimately affect prices on consumer electronics, with hints suggesting an increase in costs for gaming-related devices.