Trump Delays Some Tariffs on Phones, Computers, and Chips
Former President Trump has authorized a temporary pause on planned tariff increases for certain goods. The 90-day delay impacts tariffs on phones, computers, and semiconductors. However, a 10% universal tariff remains in effect for most countries. This decision follows concerns about the potential impact on consumers and businesses.
Former President Donald Trump announced a 90-day pause on increased tariffs for several countries, specifically impacting phones, computers, and computer chips. This decision comes after last week's announcement of higher tariffs, which sparked concern among businesses and consumers about potential price increases. While the pause offers temporary relief, a 10% universal tariff remains in place for most countries. Experts are analyzing the long-term economic effects of these tariffs and the potential for future negotiations. The delay provides a window for further discussion and potential adjustments to trade policies.
Source: Read the original article at ABC