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Reading: Trump’s sudden tariff exemptions on key tech imports take away a ‘doomsday situation’ for the trade, high analyst says
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The Texas Reporter > Blog > Business > Trump’s sudden tariff exemptions on key tech imports take away a ‘doomsday situation’ for the trade, high analyst says
Business

Trump’s sudden tariff exemptions on key tech imports take away a ‘doomsday situation’ for the trade, high analyst says

Editorial Board
Editorial Board Published April 12, 2025
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Trump’s sudden tariff exemptions on key tech imports take away a ‘doomsday situation’ for the trade, high analyst says
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Trump’s sudden tariff exemptions on key tech imports take away a ‘doomsday situation’ for the trade, high analyst says
  • The Trump administration introduced quite a few exemptions late Friday night time to his “reciprocal tariffs,” together with well-liked client electronics and important tech elements. That provides an enormous reprieve for US know-how leaders like Apple and Nvidia, prompting Wedbush analyst Dan Ives to declare it the “best possible news for tech investors.”

President Donald Trump pulled the US tech sector again from the sting of disaster after his administration exempted well-liked client electronics and important inputs from his “reciprocal tariffs,” in accordance with Wedbush analyst Dan Ives.

US Customs and Border Safety issued new steerage late Friday night time on Trump’s tariffs, exempting a spread of imports like smartphones, computer systems, semiconductors, chip-making tools, photo voltaic cells, flat panel TV shows, flash drives, reminiscence playing cards and solid-state drives for information storage.

Whereas some merchandise may ultimately be hit with future tariffs, they seemingly could be decrease than what Trump beforehand unveiled. Specifically, it presents an enormous break for firms reliant on factories in China, which faces a 125% reciprocal tariff on high of a 20% obligation. That triggered a 125% retaliatory levy from China, which means either side have been poised to successfully reduce off commerce from one another.

In a put up on X Saturday morning, Ives known as Trump’s exemptions the “best possible news for tech investors” that lifts an enormous cloud over the sector, as US tech giants had just about no alternate options exterior of their Asia-based provide chains.

“Without these exemptions the US Tech industry would be taken back a decade and the Al Revolution thesis would have been slowed significantly,” he added. “Instead we believe the White House got enough overwhelming feedback from tech and business leaders from Silicon Valley throughout the week that tariffs especially those in China would structurally change the business models while this tariff war and China negotiations play out.”

The exemptions mark the most recent twist in Trump’s on-again, off-again rollout of his tariffs. On Wednesday, he introduced a 90-day pause on elevated charges above the baseline however hiked charges for China. It additionally comes after he and his workers vowed to not again down, then signaled they have been open to negotiations.

For Ives, the brand new carveouts exhibit that the US tech trade has a “loud voice” and that regardless of sturdy earlier resistance from the White Home on exemptions “the reality of the situation was finally recognized in the Beltway.”

To make sure, there’s nonetheless a lot uncertainty and volatility forward, as any talks with China will seemingly take numerous months, no less than, he acknowledged. However for now, the likes of Apple, Nvidia, Microsoft and others can breathe an enormous sigh of aid this weekend.

“Big Tech is back off the cliff with these exemptions and this changes the entire situation for tech stocks with this black swan event for the industry removed,” Ives wrote. “US Big Tech is in a massively strong position on the Al Revolution…. and with these exemptions that statement remains unchanged and will make some happy tech bulls (including ourselves) this weekend after a dark 10 days of fear and questions.”

In a follow-up put up, he added that “there will still be some moving goal posts” amid negotiations, “but doomsday scenario is now off the table in our view.”

The White Home did not instantly reply to a request for touch upon why the administration exempted the tech imports from its tariffs.

Final weekend, after markets suffered a brutal $5 trillion selloff within the wake of Trump’s “Liberation Day” announcement of his 10% baseline tariffs and even larger duties on dozens of different nations, indicators emerged of pushback from Company America.

Trump adviser Elon Musk appeared to interrupt with the White Home’s commerce warfare final Saturday, when the Tesla CEO expressed hope for a “zero-tariff” system between the US and Europe that might create “a free-trade zone.”

And earlier within the day, Musk belittled White Home official Peter Navarro, who was reportedly a key determine on the tariff coverage, suggesting on X that his Harvard diploma is “a bad thing” and that he has by no means constructed something.

In the meantime, tech journalist Kara Swisher posted on Threads final Friday that “a passel of high profile tech and also finance leaders is making a trip to Mar-a-Lago to read Trump the riot act — um talk common sense — to him on the tariffs.”

This story was initially featured on Fortune.com

TAGGED:AnalystDoomsdayexemptionsimportsIndustrykeyRemoveScenarioSuddenTariffTechtopTrumps
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Previous Article Democrats dislike the ‘chaos’ of Trump’s commerce struggle, however ‘no person on our aspect thinks zero tariffs ever’ Democrats dislike the ‘chaos’ of Trump’s commerce struggle, however ‘no person on our aspect thinks zero tariffs ever’
Next Article Trump carves out huge exemptions from reciprocal tariffs, together with smartphones, chips and computer systems Trump carves out huge exemptions from reciprocal tariffs, together with smartphones, chips and computer systems

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