(updated version)
Washington (dpa -AfX) – The US government has smartphones, laptops and other important electronics of special tariffs against numerous countries – including China. This exception is a great relief for American providers of computer technology, which largely have their devices produced in Asia. It is another withdrawal of President Donald Trump in his customs circuit.
As can be seen from a message from the customs and border protection authority CBP, the taxes do not apply to hard drives and memory chips. A total of 20 product groups and subcategories are concerned. The authority relies on a memorandum of the President on Friday. According to this document, customs exception applies retrospectively from April 5.
While Trump had initially rowed back to most trading partners and had temporarily suspended parts of the additional taxes for 90 days, he had significantly tightened the course compared to Beijing this week. The United States is now demanding additional tariffs of 145 percent on imports from China, Beijing in turn wants to raise 125 percent on US goods.
Good news for Apple and Nvidia
Apple particularly benefits from the relief: Most Iphones and other devices of the group are being built in China, even if production in Vietnam and India has been expanded in recent years.
Customs exception is above all good news for US companies that expand their data centers for artificial intelligence. The devices are mainly built by US companies such as Dell (Dell Technologies) outside the United States, with chips from the California Group Nvidia that come from Taiwan.
Ifo boss Fuest: not to be ruled out global economic crisis
The economist Clemens Fuest warned of a global economic crisis because of the tariffs imposed by Trump. The great danger is that protectionism will spread faster and faster, including in China and Europe, said the President of the IFO Institute in Munich in an interview with the “Süddeutsche Zeitung”.
The conflict is “not off the table”, the escalation with China continues and the uncertainty remains. Fuest sees a special danger in the fact that the United States, as the most important economic power in the world, destroyed its reputation as a reliable contractual partner. “The interest rates in the USA are increasing, the dollar falls,” said Fuest. “An alarm signal.” Two thirds of the worldwide stock market capitalization are on the American stock market, the dollar is the worldwide anchor currency. “If all of this tilts, it would have the incalculable consequences.”
Merz hopes for transatlantic free trade agreements
The next Federal Chancellor Friedrich Merz was expected to be a transatlantic free trade zone without any tariffs. It was a mistake not to bring the large free trade agreement TTIP over the finish line, the CDU politician told the “Handelsblatt”. “And yes, I hope for a new transatlantic free trade agreement. Null percent inches on everything. That would be better for both sides.”
Negotiations between the EU and the USA about a comprehensive trade and investment agreement with the abbreviation TTIP were stopped by US President Donald Trump in 2017 at the beginning of his first term and have been on hold since then.
Spahn: “Merz can become a European anti-trump”
Union faction vice Jens Spahn advocated in a “world” interview that Europe had to merge in response to Trump’s customs policy under Germany’s leadership and search for new trading partners. “As Chancellor, Friedrich Merz can become a European anti-Trump. A head of government who unites the EU member states who presents the direction, clearly communicates, adheres to agreements, advocates free world trade,” said Spahn./Gei/so/tam/dp/he
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