French media: US-China trade war: smartphones and computers exempt from high tariffs, Trump begins to retreat. The Trump administration has decided to exempt smartphones, computers, and other electronic products from the "reciprocal tariffs", and observers believe this is a sign that Washington is beginning to retreat in its trade war with China, although this may be temporary. According to notices from U.S. Customs late Friday, exemptions have been granted for smartphones, computers, and other products from the reciprocal tariffs recently ordered by Trump. These exemptions particularly apply to electronic products imported from China into the United States, which will face an enormous 145% tariff starting Wednesday. These exemptions particularly apply to electronic products imported from China because these products are typically assembled there. Trump imposed a 145% tariff on these products. Now, the Trump administration will exclude the aforementioned products from the 145% tariff imposed on Chinese imports. U.S. Customs and Border Protection announced that tariff exemptions will be granted for electronic products such as smartphones, laptops, hard drives, processors, chips, and semiconductor manufacturing equipment. These products will no longer be subject to the previous 145% tariff on Chinese imports or the 10% baseline tariff imposed on imports from other countries. These popular electronic products among American consumers are usually not manufactured domestically in the U.S., and establishing production capabilities here would require many years and be costly. Agence France-Presse commented that amid the trade war between the U.S. and China causing panic in financial markets, America changed its stance and exempted smartphones, computers, and other electronic products from the huge tariffs recently imposed by Donald Trump. This decision brings fresh air to American consumers who were at risk of seeing prices for these popular products skyrocket. It will also benefit tech giants like Apple, which produces Apple smartphones and other flagship products in China. Wedbush Securities financial analyst Daniel Ives summarized that this change is certainly "the best news for investors in the technology sector." This analyst believes that without these exemptions, "the U.S. technology industry would regress by ten years, and the artificial intelligence revolution would significantly slow down." This week, Trump's tariff offensive transformed from a comprehensive trade war into a confrontation between the world's two largest economic powers, the U.S. and China, causing upheaval in financial markets and raising concerns among investors and consumers alike. Days later, Trump announced a suspension of "reciprocal tariffs" against various countries except China, directly targeting a rise in reciprocal tariffs against China to 145%, while China raised its tariffs against the U.S. to 125% in response. Source: rfi [Image: //p3-sign.toutiaoimg.com/tos-cn-i-ezhpy3drpa/1d95f5ae451d436786c2177d21741c8e~tplv-obj:758:423.image?_iz=97245&bid=15&from=post&gid=1829218232758468&lk3s=06827d14&x-expires=1752192000&x-signature=miivXb1RBZk49LiMqHuBB6Q5GdY%3D] Original article: https://www.toutiao.com/article/1829218232758468/ Disclaimer: The article solely represents the author's personal views.