After the recent announcement of the new tariff policy which had a significant impact on the global trade market, the US government announced earlier on April 4 local time thatA new wave of presidential memoranda, officially providing specific details on the exemption scope for the recently announced Executive Order No. 14257, and the subsequent Executive Order No. 14259 and the April 4th amendment order, which includes a series of HTSUS codes for goods that are not subject to high reciprocal tariffs, indicating that such products have been excluded from punitive tariffs since the early morning of April 9th.
This series of goods that are not subject to high reciprocal tariffs include automatic data processing equipment with HTSUS code 8471, smartphones with code 8517.13.00, communication devices with code 8517.62.00, solar cells and LED components in the 8541 series, etc. In addition, major consumer and key electronic products such as tablets and smart watches are also exempted. Basically, only an additional tariff of 10% is required, instead of the 25% tax previously claimed by the market.
This means that the market was previously worried that Apple's new iPhone, which is expected to be launched this year, may face a significant price increase in the US market, and Nintendo's new game console Nintendo Switch 2Possible price increase scenariosNone of the expectations will happen, and they can be sold smoothly in the US market. Laptop products including Framework and Razer that were originally removed from the US market can obviously be put back on the shelves for sale.
However, because the Chinese government has previously imposed retaliatory tariffs on the United States, and the US government subsequently raised tariffs on Chinese imports again, the Chinese government's import tariffs on US imports have now increased to 145%. As a result, many US products imported into China will face higher sales costs, which may impact many US products originally sold in the Chinese market.
For example, Tesla has currently stoppedSelling Model X and Model S in the Chinese marketHowever, the Model 3 and Model Y are primarily produced at Tesla's Shanghai Gigafactory and are therefore unaffected. Apple's iPhones are currently primarily produced in China and other regions, so their future prices should be largely unaffected. However, the Mac Pro, currently produced in the US, may face higher sales costs in China.
