Trump Admin Walks Back Tariff Exemption On Electronics
www.huffpost.com
U.S. Customs and Border Protection claimed late on Friday that imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs.

cross-posted from: https://lemmy.world/post/28194139

Donald Trump and White House officials walked back a Friday announcement that there would be tariff exemptions on imported electronics.

In a Truth Social post on Sunday, Trump directly denied the tariff exemption announcement.

…

“This is really mind-boggling. If this was serious industrial policy, the main thing you want is certainty: ‘Here’s the tariff, it will be in place for the indefinite future, and you should plan accordingly,’” Dean Baker, an economist at the Center for Economic and Policy Research, a left-leaning think tank, said, according to The Washington Post. “Here, it’s basically: ‘Come back next week and see what we’ve got.’ That’s no way to run an economy.”

  • ikidd@lemmy.worldEnglish
    8·
    2 days ago

    I bet all those manufacturers that decided in the 3 days that the tariffs were active on electronics to move all their operations and build new factories to America are happy that their decision was the right one after all.

    The rules will surely not be changed again.

    • thanks AV@lemmy.world
      6·
      2 days ago

      Apple supposedly flew 500 tons of new phones from China to import them before the tariffs came in last tuesday lol

      I honestly can’t get enough of it. All these shitty business owners are finally getting fucked over by their special baby and he’s breaking their backs lmaoo

      we’ll beat the tariffs, I’ll bring my inventory over before they go into effect

      spends exorbitant fees filling planes full of phones

      tariffs are suspended

      (ノ゜ο゜)ノ

      tariffs are suspended

      • ploot@lemmy.blahaj.zoneOPEnglish
        3·
        2 days ago

        Tariffs came in last Tuesday, were removed on Friday, came back on Sunday. I expect Tim Apple is loving the daily surprises.

      • catloaf@lemm.eeEnglish
        1·
        2 days ago

        I don’t think Apple really lost much money doing that. It’s not like the phones are going to spoil. They’ll just send the next batch of new ones from Taiwan to backfill the inventory.

        • thanks AV@lemmy.world
          1·
          1 day ago

          They definitely also ramped up production and ran huge overtime to get those phones delivered before the deadline. I’m pretty sure they’re taking a hit for that. The whole point was to get them in before the deadline and then sell them at the inflated post-tariff price. Now that whole idea kinda doesn’t work out. It’s deliciously hilarious.