https://www.wsj.com/opinion/trumps-exceptional-tariff-weekend-13d8f144?mod=hp_opin_pos_1
His Customs office announced tariff-rate exceptions on electronics on Friday that he renounced on Sunday.
President Trump is taking exception to the idea that his Administration is offering exceptions to his punishing tariffs. That’s the story after a confusing weekend that offers more lessons in the arbitrary nature of Trump trade policy.
Late Friday his own Customs and Border Protection (CBP) department issued a notice listing products that will be exempt from Mr. Trump’s so-called reciprocal tariffs that can run as high as 145% on goods from China. The exclusions apply to smartphones, laptop computers, hard drives, computer processors, servers, memory chips, semiconductor manufacturing equipment, and other electronics.
The CBP notice takes the tariff rate on these products down considerably. Barron’s calculates that the exceptions cover $385 billion in 2024 imports. That includes $100 billion from China, or 23% of U.S. imports from that country. The tariff rate falls to 20% on the newly exempted Chinese exports.
Trump doesn't understand economics and is causing damage to his own country, the dollar, and other economic measures.
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