Latest news with #NonMonetaryTariff
Yahoo
19-04-2025
- Business
- Yahoo
Tariffs & iPhones: Ozarks Apple product repair shop uncertain of impacts
SPRINGFIELD — Since 1984, Simply Everything Apple has been one of the go-to places for people to get their Apple products worked on. They answered questions from Ozarks First about what tariffs could mean for the future of your iPhone and other Apple Products. One of Springfield's only certified Apple Premier Partners, Simply Everything Apple on East Battlefield has been helping customers with their Apple products for over 40 years. The best part, says General Manager Andrew Porting, is that they are locally owned. 'We've been locally owned and operated since August of '84. So coming up on 41 years. Pretty exciting for us. We've been a partner in the local community for any Apple service and sales needs since then as well,' says Porting. 'We partner with Apple, meaning we are one of their go to destinations instead of going to St. Louis, Kansas City, Tulsa, one of the bigger Apple corporate stores.' The company does any and all repairs that Apple offers. Most commonly, they work on displays for iPhone and Mac, as well as batteries and camera issues. They use genuine Apple parts, and have had a front row seat to see the everchanging world of Apple products. 'It's always fun to see how everything's adapting and changing. Technology in general is just always evolving. As you know, the phone in your pocket is very different than it was ten years ago,' says Porting. Technological changes are just part of the equation. They along with others in the industry are keeping a close eye on what tariffs could mean for their business and customers. It's something they get questions on from customers often. 'Every day, sometimes several times an hour. A lot of those questions are, you know, 'What's going to happen?' (We have) no idea,' Porting says. The Trump administration has been putting pressure on China through tariffs on goods including electronics, which is where Apple makes a large portion of its devices. While tariffs as high as 145% on Chinese imports have been reported, there has been speculation that smartphones and other electronics could be exempt. President Trump indicated last week on social media that are no exemptions, and that electronic products may be subject to a 20% existing 'Fentanyl Tariff'. This, as the President says the National Security Tariff Investigations team is taking a look at semiconductors and the entire electronics supply chain. In part, here is what the President said earlier this week on social media: 'NOBODY is getting 'off the hook' for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst! There was no Tariff 'exception' announced on Friday. These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff 'bucket.' The Fake News knows this, but refuses to report it. We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations.' – President Donald Trump, on Truth Social, April 13th 2025 Porting stresses that they have no interest in taking a political position. But they are keeping on eye on how policy could affect the industry they work in. Porting says they are taking it one day at a time. However, Porting shared some insight on what he has heard within the industry, and how Apple is preparing for all possibilities. 'From what we've heard, Apple has been trying to buy as much stock as they can or inventory to hold over as long as they can. We're similar trying to keep our products in stock so we have what customers need in the long term,' Porting says. We asked Porting to put himself in the shoes of a consumer, and how he could see people reacting with their wallets if high percentage tariffs do go into effect on electronics. 'If they were to take effect, I could see people holding onto their devices longer, meaning our service department is more in play for people who want to repair the devices they already have rather than buy new,' Porting explains. 'I absolutely think we'll see more people holding onto their phones for, you know, another generation. Maybe instead of upgrading every year, every other year, they might wait two or three or four years instead. I don't think that's a bad thing, honestly. I think keeping the e-recycling down is the best option for the world as a whole.' Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
14-04-2025
- Business
- Yahoo
Trump basks in cheering crowds in Palm Beach, Miami during ninth visit
From Palm Beach to Miami, President Donald Trump basked in adoring and boisterously supportive crowds during a three-day visit that concluded Sunday evening. Before departing for Washington, Trump adamantly denied there had been a retreat from, or carve-outs for, electronic products from the increased tariffs that have upended the stock markets and helped deflate consumer confidence since April 2. "NOBODY is getting 'off the hook' for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst!" Trump posted on his social media site. "There was no Tariff 'exception' announced on Friday. These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff 'bucket.'" On Friday, Trump arrived as local Republicans were gathered at Mar-a-Lago for the Palm Beach County GOP's annual Lincoln Day fundraising gala. On Saturday night, the president received a roaring ovation as he walked into the UFC fight in downtown Miami with his granddaughter, Kai Trump, the daughter of Donald Trump Jr., Elon Musk, Naples GOP Congressman Byron Donalds and Texas U.S. Sen. Ted Cruz trailing behind. Other members of Trump's administration who showed up at the UFC 314 event at Miami's Kaseya Center were Health and Human Services Secretary Robert F. Kennedy Jr., FBI Director Kash Patel, Director of National Intelligence Tulsi Gabbard and Secretary of State Marco Rubio. Trump sat alongside UFC CEO Dana White during the matches. The president also enjoyed two days of golf at his Trump International Golf Club outside West Palm Beach, including on Sunday, as the White House released a report on his yearly physical exam. The memo revealed the president is in "excellent health" and that his "active lifestyle continues to contribute significantly to his well being." It also cited Trump's "frequent victories in golf events" — the president has noted he has won several titles at his Palm Beach County golf courses since his Jan. 20 inauguration. Trump and UFC 314 fight in Miami: List of family members who did (and didn't) attend The reception he received on his ninth visit to his home county was a departure from a rocky week that saw the president temporarily backpedal from his "Liberation Day" vow to increase tariffs sharply. The ensuing trade war caused a meltdown in the capital markets with the leading indices taking a beating and yields on 10-year U.S. bonds alarmingly rising. Conceding the markets were "yippy," Trump said he would pause implementing the duties for 90 days on the European Union and other trade partners. "BE COOL!" Trump posted on Truth Social on April 9. "Everything is going to work out well. The USA will be bigger and better than ever before!" Still, China's president, Xi Jinping, who Trump hosted during a first-term Mar-a-Lago summit, warned Trump that his "trade war" would yield no "winners." He said tariffs would lead to U.S. "self-isolation" as Washington and Beijing upped the ante with 100%-plus tariff hikes on each other. Late Friday, after Trump's arrival at Palm Beach International Airport, U.S. officials said smartphones, chips, plus other top consumer electronics and technology components would be exempted from the extra duties. But on Sunday, Trump insisted in his posting that it would not be the case. Trump also wrote he is "looking forward" to seeing El Salvador's president, Nayib Bukele, on Monday in the White House. "President Bukele has graciously accepted into his Nation's custody some of the most violent alien enemies of the World and, in particular, the United States," Trump posted. "These barbarians are now in the sole custody of El Salvador, a proud and sovereign Nation, and their future is up to President B and his Government. They will never threaten or menace our Citizens again!" Bukele's visit will also raise the issue of Kilmar Abrego Garcia, a Maryland resident the administration has admitted was wrongly sent to the Salvadoran prison. The U.S. Supreme Court has upheld a lower court ruling ordering the administration to "facilitate" Abrego Garcia's return to the United States. In another post from his adopted home county this weekend, the president hinted at a boycott of the G-20 meeting slated for South Africa. Trump alleged that country's government of wrongly confiscating land and "genocide." Antonio Fins is a politics and business editor at The Palm Beach Post, part of the USA TODAY Florida Network. You can reach him at afins@ Help support our journalism. Subscribe today. This article originally appeared on Palm Beach Post: Trump basks in cheers in Palm Beach, Miami UFC fight in ninth visit
New York Times
14-04-2025
- Business
- New York Times
Trump Administration Live Updates: President to Meet Salvadoran Leader as U.S. Ramps Up Deportations
The Foxconn plant in Shenzhen, China, is a major part of Apple's supply chain responsible for much of the iPhone's assembly. President Trump signaled on Sunday that he would pursue new tariffs on the powerful computer chips inside smartphones and other technologies, just two days after his administration excluded a variety of electronics from the steep import taxes recently applied on goods arriving from China. The push came as Mr. Trump's top economic advisers scrambled to explain their shifting strategy, after having insisted for weeks that they would shield no company or industry from any of the fees they have levied in a bid to reset U.S. trade relationships. The reprieve for technology companies arrived in the form of a Customs and Border Protection rule issued late Friday that spared high-tech imports from Mr. Trump's so-called reciprocal tariffs, including those on China. While the president paused a set of punishing levies on nearly 60 countries last week, his administration has forged ahead with a new 145 percent tax on Chinese exports, announcing it after Beijing retaliated against the United States. The exclusions in the C.B.P. rule covered a wide slate of products, such as computers, smartphones, modems and flash drives, and it represented a major victory for Apple, and other U.S. technology giants, which rely on Chinese factories to help manufacture important components and popular devices. Apple executives had even been in contact with Trump administration officials about the Chinese tariffs in recent days, according to two people with knowledge of the company's efforts. The company declined to comment. But on Sunday, Mr. Trump and his top aides cast the exemptions in a different light, framing them as only a temporary break while the government prepares more targeted import taxes on key technologies. The administration is expected to take the first step toward enacting the new tariffs as soon as next week, opening an investigation to determine the effects of semiconductor imports on national security. The approach appears to mirror the process that yielded Mr. Trump's tariffs on other specific products and sectors, including the high fees he imposed on foreign cars and auto parts this year. On social media, the president signaled Sunday that the scope of his next inquiry would be broad, 'taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations.' 'NOBODY is getting 'off the hook' for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst!' Mr. Trump added. Howard Lutnick, the commerce secretary, said earlier Sunday on ABC's 'This Week' that Mr. Trump could announce new tariffs 'in the next month or two' that would target not only semiconductors but also pharmaceutical imports, another priority for the administration. Image President Trump announced 'reciprocal' tariffs on nearly 60 countries this month but abruptly paused most of them last week. Credit... Haiyun Jiang for The New York Times Kevin Hassett, the director of the White House National Economic Council, told CNN's 'State of the Union' that it was 'always the case' that some of these high-tech imports would be subject to their own tariffs, separate from those broadly imposed on countries in response to their trade practices. 'Semiconductors are a key important part of a lot of defense equipment,' Mr. Hassett added, saying, 'I don't think anything really should be a surprise.' And Jamieson Greer, the U.S. trade representative, described the move on CBS's 'Face the Nation' as more of a mechanical change, saying of semiconductors that it is 'not that they won't be subject to tariffs' but that they are being done under a 'different regime.' The Trump administration had already excluded various types of semiconductors from the reciprocal tariffs as of April 2. But the chaotic changes in tariffs and exclusions in recent days bewildered businesses that depend on trade with China. Some investors and chief executives publicly praised the decision to walk back tariffs on electronics, which represent roughly a quarter of U.S. imports from China. 'A willingness to adjust a strategy based on new facts and data is a sign of the strength of a leader,' Bill Ackman, the chief executive of the hedge fund Pershing Square, wrote on social media. 'It is not an indication of weakness.' Still, there appears to be no quick end to the trade conflict with China in sight. And the potential for new tariffs on chips threatened to cast another pall over the tech industry, even as major lobbying groups representing Intel, Nvidia and other companies have encouraged the Trump administration to strike trade deals that ultimately lower trade barriers globally. Asked about the possibility of upcoming tariffs on chips on Saturday, Mr. Trump said, 'I'll give you that answer on Monday.' 'We'll be very specific,' he added. 'But we're taking in a lot of money. As a country we're taking in a lot of money.' Dan Ives, an analyst for Wedbush Securities, said in a note to investors on Sunday that 'the mass confusion created by this constant news flow out of the White House is dizzying for the industry and investors and creating massive uncertainty and chaos for companies trying to plan their supply chain, inventory and demand.' Ultimately, new taxes on chip imports could make it more expensive for U.S. companies to produce smartphones and other devices, cutting into their profits or forcing them to raise prices on American consumers. For Apple, in particular, the tit for tat between the United States and China caused the tech giant to lose more than $770 billion in market capitalization in just the opening days of Mr. Trump's trade war. Since then, the two nations have continued to retaliate against each other, causing financial markets around the world to whipsaw in the face of a persistent and costly standoff. U.S. consumers even appeared to rush out to purchase new iPhones last week, anticipating that a protracted trade conflict could push up prices.
USA Today
13-04-2025
- Business
- USA Today
Trump smartphone tariff pause is temporary − measures 'coming soon,' Lutnick says
Trump smartphone tariff pause is temporary − measures 'coming soon,' Lutnick says "This is not a permanent sort of exemption," Commerce Secretary Howard Lutnick said of Trump's tariff carve-outs for tech products. Show Caption Hide Caption Trump smartphone tariff measures 'coming soon,' Lutnick says Commerce Secretary Howard Lutnick said that tariffs on smartphones and other electronics would come "soon." Separate tariffs on eletronics are "coming soon," Lutnick told ABC's This Week. Lutnick said pharmaceutical products would also be hit with their own separate tariff rate. WASHINGTON − Commerce Secretary Howard Lutnick said Sunday that tariffs on smartphones, computers, and electronics would still come within months after President Donald Trump issued exemptions for the popular goods. On Friday, the White House issued exemptions for tech products made in China from the extra 125% tariffs Trump trained on all the country's imports to the United States. In a Sunday interview on ABC This Week, Lutnick said separate tariffs on the products were "coming soon." "They're exempt from the reciprocal tariffs, but they're included in the semiconductor tariffs, which are coming in probably a month or two," he told host Jonathan Karl. "This is not a permanent sort of exemption," Lutnick said. Writing on Truth Social on April 13, Trump said there had been no exemption. "NOBODY is getting 'off the hook''' for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst!" he said. "There was no Tariff 'exception' announced on Friday," Trump wrote. "These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff 'bucket.'' Lutnick said pharmaceutical products would also be hit with their own separate tariff rate, to come within months. Trump announced on Wednesday he was pausing hefty reciprocal tariffs on countries around the world for 90 days, saying people were "getting a little bit yippy, a little bit afraid." The proposed tariffs had caused a stock market dip and stirred panic that they could trigger a global economic crash. But he did not relent on China – the United States' third-largest trading partner, after Mexico and Canada. Chinese imports will now be slapped with a total tariff of 145% – Trump's additional tariffs of 125% on top of a previous 20% tariff. Trump also left in place a 10% universal tariff on imports and said the next day that the global reciprocal tariffs were still to come. The White House said around 75 countries had reached out to negotiate a deal on tariffs. Markets surged after Trump announced that the tariffs were paused, but the Dow Jones, a key stock index, plunged 1,000 points amid anxiety over Trump's trade war with China.
The Hill
13-04-2025
- Business
- The Hill
Trump defends tariff exemptions for electronics: Nobody getting ‘off the hook'
President Trump defended his move on Friday to exempt some electronics from the escalating tariff war with China. He denied the announcement amounted to an 'exception,' arguing instead the products were moved to a different tariff 'bucket,' and suggested his administration could still impose separate tariffs for the semiconductor industry and broader electronics supply chain. 'There was no Tariff 'exception' announced on Friday,' Trump wrote in a Truth Social post on Sunday. 'These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff 'bucket.'' 'We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations,' he added. U.S. Customs and Border Protection, which collects duties on imports, issued updated guidance on Friday indicating roughly 20 products — including smartphones, computers, routers and semiconductor chips — would be excluded from the 'reciprocal' tariffs imposed on countries including China. Trump has ratcheted up reciprocal tariffs on China to 125 percent on top of 20 percent levies, as he has put a 90-day pause on reciprocal tariffs for other countries, leading to a proportionate response from Beijing. That has escalated fears of a massive trade war between the world's two largest economies. In his post on Truth Social, Trump blasted the media for covering the Friday guidance as a softening in his position on China. 'NOBODY is getting 'off the hook' for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst!' Trump wrote in his Truth Social post. Trump's remarks coincide with Commerce Secretary Howard Lutnick saying on Sunday that the tariff exemptions for smartphones and other electronics would only be temporary. 'This is not like a permanent sort of exemption. [Trump's] just clarifying that these are not available to be negotiated away by countries. These are things that are national security, that we need to be made in America,' Lutnick told ABC's 'This Week.' Karoline Leavitt, the White House spokeswoman, said in a statement on Saturday Trump was still committed to seeing more of the exempted products and components made domestically. 'President Trump has made it clear America cannot rely on China to manufacture critical technologies' and that at his direction, tech companies 'are hustling to onshore their manufacturing in the United States as soon as possible,' she said.
