China criticizes the US for its “small step” in tariff exemptions on electronics. The US plans to impose new tariffs on electronics and semiconductors.
China Calls US Exemptions a “Small Step”
China has labeled the US tariff exemptions on electronics a “small step.” The Trump administration recently decided to exempt smartphones, computers, and some other electronics from high tariffs. However, China believes more needs to be done to fix the trade issues between the two countries.
China Wants Full Cancellation of Tariffs
China urges the US to fully cancel all tariffs on Chinese goods. A Chinese government spokesperson said the current tariffs hurt global trade, especially in developing countries. Beijing wants the US to stop using tariffs as a way to retaliate in trade disputes.
US Will Introduce More Tariffs on Electronics and Semiconductors
Even with the exemption, the US is planning to impose new tariffs on electronics and semiconductors. According to US Commerce Secretary Howard Lutnick, semiconductors could see tariffs in the next few months. The US wants to reduce its reliance on China for crucial technology like medicines and semiconductors.
Tech Companies Like Apple and Dell Are Affected
Big tech companies, such as Apple and Dell, rely heavily on Chinese factories for their products. Though they are temporarily relieved by the tariff exemptions, the new tariffs on semiconductors could still raise production costs and affect the supply chain.
Trump: No Exceptions for Electronics
President Trump made it clear that there are no exceptions for electronics. He explained that electronics will still be subject to the 20% Fentanyl tariffs. He also emphasized his goal of bringing US manufacturing back to America and reducing reliance on foreign countries like China.
What’s Next in the Trade War?
The US-China trade war is ongoing, and both countries are making moves to protect their economies. As China focuses on strengthening its relationships with countries like Vietnam and Malaysia, the US is pushing forward with its tariff strategy. The effects of these tariffs on global markets are still unclear.
The US tariff exemptions are just a small part of the larger US-China trade war. While China sees the move as a step forward, the US is still planning more tariffs on electronics and semiconductors. The situation is far from over, and the trade war may continue to impact global economies.
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