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US Exempts Tech Imports In Tariff Step Back

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FILES: President Donald Trump (Photo by ALEX WONG / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)

The Trump administration has exempted a raft of consumer electronics from its punishing import tariffs — offering relief to US tech firms and partially dialling down a trade war with China.

A notice late Friday by the US Customs and Border Protection office said smartphones, laptops, memory chips and other products would be excluded from the global levies President Donald Trump rolled out a week ago.

The move came as retaliatory Chinese import tariffs of 125 percent on US goods took effect Saturday, with Beijing standing defiant against its biggest trade partner.

The exemptions will benefit US tech companies like Nvidia and Dell, as well as Apple, which makes iPhones and other premium products in China.

And they will generally narrow the impact of the staggering 145 percent tariffs Trump has imposed this year on Chinese goods entering the United States.

US Customs data suggests the exempted items account for more than 20 percent of those Chinese imports, according to senior RAND researcher Gerard DiPippo.

Although listed among the exempted goods, semiconductors could still become a target of industry-specific tariffs Trump has suggested placing on imports from all countries.

Trump said Saturday that he would give a “very specific” answer to the question of any future semiconductor levies on Monday.

Washington and Beijing’s escalating tariff battle has raised fears of an enduring trade war between the world’s two largest economies and sent global markets into a tailspin.

The fallout has sent particular shockwaves through the US economy, with investors dumping government bonds, the dollar tumbling and consumer confidence plunging.

Adding to the pressure on Trump, Wall Street billionaires — including a number of his own supporters — have openly criticized the whole tariff strategy as damaging and counter-productive.

Tech relief

Daniel Ives, senior equity analyst at Wedbush Securities, called the US exemptions the “best news possible” for tech investors.

The exclusions remove “a huge black cloud” that had threatened to take the US tech sector “back a decade” and significantly slow AI development, Ives said in a note.

Many of the exempted products, including hard drives and computer processors, are not generally made in the United States, with Trump arguing tariffs are a way to bring domestic manufacturing back.

Commenting on the exemptions announcement, White House Press Secretary Karoline Leavitt insisted that the likes of Apple and Nvidia were still “hustling to onshore their manufacturing in the United States” as soon as possible.

Many analysts, however, say it will likely take years to ramp up domestic production.

With tariffs still in force on less complex products, Trump’s “exemptions will not reshore iPhones or tech goods and they will not reshore either cheap goods we can’t and won’t produce at home,” New York University economist Nouriel Roubini posted Saturday on X.

The president’s policy was “contradictory, dissonant, inconsistent and incoherent… taken by the seat of the pants,” he added.

China ‘not afraid’

Even with Washington and Beijing going toe to toe and financial markets in turmoil, Trump has remained adamant that his tariff policy is on the right track.

Beijing has vowed not to give in to what it sees as bullying tactics, and — in his first comments on the tensions — President Xi Jinping stressed Friday that China was “not afraid.”

Economists warn the disruption in trade between the tightly integrated US and Chinese economies will increase prices for consumers and could spark a global recession.

The US alone buys up 16.4 percent of Chinese exports, according to Beijing’s trade data, making for total exchanges between the two countries worth $500 billion — with the US sending significantly less the other way.

China’s Commerce Minister Wang Wentao told the head of the World Trade Organization (WTO) that US tariffs will “inflict serious harm” on poor nations.

“The United States has continuously introduced tariff measures, bringing enormous uncertainty and instability to the world, causing chaos both internationally and domestically within the US,” Wang told WTO chief Ngozi Okonjo-Iweala in a call.

The White House says Trump remains “optimistic” about securing a deal with China, although administration officials have made it clear they expect Beijing to reach out first.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

AFP

International News

US, Iran in counter threats over Strait of Hormuz

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As the stand-off over the Strait of Hormuz continued, following its effective blockade by Iran, the US and the gulf state are trading threats of further destruction of energy and oil infrastructure across the Middle East with US President, Donald Trump, saying Tehran would face possible obliteration of its energy facilities if it failed to reopen the channel within 48 hours.

 

In a swift response, Iran threatened to irreversibly destroy US-linked energy sites across the Middle East if its power plants were targeted.

The 48 hours deadline expires today.

Trump’s ultimatum came hours after two Iranian missiles struck southern Israeli towns of Arad and Dimona, injuring more than 160 people in the most destructive attack since the war began.

This, the Israeli Prime Minister, Benjamin Netanyahu, vowed to retaliate “on all fronts”.

Iran had blocked the vital waterway, which carries a fifth of global crude oil trade in peacetime, as its key leverage in the war.

The standoff has sent crude oil prices soaring, with North Sea Brent crude now trading above $105 a barrel, as long-term consequences for the global economy become an acute concern.

The ultimatum, made just a day after the US president said he was considering winding down military operations after three weeks of war, came as the key oil passage remained effectively closed and thousands more US Marines headed to the Middle East.

Iran’s foreign minister, Abbas Araghchi, said Tehran had imposed restrictions only on vessels from countries involved in attacks against Iran, and would assist others that stayed out of the conflict.

Meanwhile, issuing the threat via  his Truth Social, Trump said that the US would “hit and obliterate various Iran power plants starting with the biggest one first if Tehran did not fully reopen the strait within 48 hours.”

Reinforcing Trump’s threat, US Treasury Secretary, Scott Bessent, said the US may need to “escalate” its attacks against Iran to be able to wind down the war.

Asked on NBC’s “Meet the Press” if Trump was winding down or escalating the war, Bessent said: “They’re not mutually exclusive. Sometimes you have to escalate to de-escalate.”

“This is the only language the Iranians understand,” he argued.

Iran threatens US-linked Gulf energy sites after

In response to Trump’s threat, Iran’s army said it would target energy and desalination infrastructure belonging to the US and the regime in the region, according to the Fars news agency.

In a post on X, speaker of the Iranian parliament, Mohammad-Bagher Ghalibaf,

said that vital infrastructure, energy and oil facilities throughout the region will be considered “legitimate targets” and would be destroyed in an irreversible manner.

“Immediately after the power plants and infrastructure in our country are targeted, the critical infrastructure, energy infrastructure, and oil facilities throughout the region will be considered legitimate targets and will be destroyed in an irreversible manner, and the price of oil will remain high for a long time,” Ghalibaf said.

Similarly, Iran’s Islamic Revolutionary Guard Corps (IRGC) intelligence unit in a post on X published by the IRGC affiliated Fars News Agency, said that it is thinking “beyond just the region”.

The post explained that this referred to a “red target bank” of technological and political targets in response to threats against power plants, suggesting that action could be taken “in less than 48 hours”.

The post also lists several achievements the IRGC claimed to have made during the war, including what it described as the “consolidation of power in the Strait,” and “control of global energy.”

To completely shut down the strait

Besides the threats of targeting energy infrastructure across the region,  Iran’s military also threatened to completely shut down the strategic Strait of Hormuz if Trump acts on threats to target the country’s power plants.

“If the United States’ threats regarding Iran’s power plants are carried out… the Strait of Hormuz will be completely closed, and it will not be reopened until our destroyed power plants are rebuilt,” the military’s operational command, Khatam Al-Anbiya, said in a statement carried by state TV.

The military said it would also strike Israel’s “power plants, energy, and information and communications technology (ICT) infrastructure”, along with power plants in regional countries hosting US bases and companies with US shareholders.

It added that the measures will be taken “to defend our country and the interests of our nation”.

Iran charges $2m from ships passing through Strait of Hormuz – Iranian MP

BBC quoted Iranian Member of Parliament, Alaeddin Boroujrrdi, as saying on state TV that some of the ships that pass through the Strait of Hormuz were being charged “ a $2 (£1.5) million fee” by Iran.

He said that a “new governing regime” was being imposed in the Strait claiming that “war has costs”. According to him, the closure of the Strait shows the “authority and right that the Islamic Republic of Iran possesses”.

Iran’s deadly strikes on southern Israel injures 160

Meanwhile, retaliating against Israel’s strike on its Natanz nuclear facility, Iran struck southern Israel towns of Arad and Dimona, injuring more than 160 people in the most destructive attack since the war began. The Israel prime minister, Benjamin Netanyahu, vowed to retaliate “on all fronts”

The strikes, which slipped through Israel’s missile defence systems, tore open the facades of residential buildings and carved craters into the ground.

First responders said 84 people were injured in the town of Arad, 10 of them seriously. Hours earlier, 33 were wounded in nearby Dimona, where AFPTV footage showed a large hole gouged into the ground next to piles of rubble and twisted metal.

Dimona hosts a facility widely believed to be the site of the Middle East’s only nuclear arsenal, although Israel has never admitted to possessing nuclear weapons.

The Israeli army told Agence France-Presse there had been a direct missile hit on a building in Dimona, with casualties reported at multiple sites, including a 10-year-old boy in serious condition with shrapnel wounds.

Iran said the targeting of Dimona was retaliation for Israeli strikes on its Natanz nuclear facility, with the IRGC saying forces also targeted other southern Israeli towns as well as military sites in Kuwait and the UAE.

After the Natanz attack, the UN nuclear watchdog chief, Rafael Grossi, reiterated his call for “military restraint to avoid any risk of a nuclear accident”.

The Natanz facility hosts underground centrifuges used to enrich uranium for Iran’s disputed nuclear programme; it sustained damage in the June 2025 war.

The Israeli military denied it was behind the Natanz strike, but said it had struck a facility at a Tehran university that it claimed was being used to develop nuclear weapon components for Iran’s ballistic missile programme.

Attacks on nuclear sites create escalating threat to public health, WHO chief warns

The Iran war has reached a “perilous stage” as both sides target nuclear facilities, the Director-General of the World Health Organisation, Tedros Adhanom Ghebreyesus, has warned.

Ghebreyesus cited reports about Israel striking the Natanz enrichment complex in Iran, and retaliatory Iranian attacks on the Israeli city of Dimona, where a nuclear facility is located.

Ghebreyesus said the International Atomic Energy Agency was looking into both attacks.

“No indications of abnormal or increased off-site radiation levels have been reported,” he said in a post on X.

But he added: “Attacks targeting nuclear sites create an escalating threat to public health and environmental safety.

“Since the outbreak of hostilities, WHO has provided critical training to its own staff and UN personnel across 13 countries to help them respond effectively to public health threats in the event of a nuclear incident.

“I urgently call on all parties to exercise maximum military restraint and avoid any actions that could trigger nuclear incidents.

“Peace is the best medicine.”

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Peru Congress Impeaches Interim President After Four Months In Office

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Peru’s Congress on Tuesday impeached interim president Jose Jeri, the Latin American country’s seventh head of state in 10 years and only the latest to be toppled over graft claims.

Jeri, 39, was accused of the irregular hiring of several women in his government and of suspected graft involving a Chinese businessman.

In office since last October, Jeri took over from unpopular leader Dina Boluarte, who was also impeached amid protests against corruption and a wave of violence linked to organised crime.

Prosecutors last week opened an investigation into “whether the head of state exercised undue influence” in government appointments.

Jeri has protested his innocence.

Jeri — at the time the head of Peru’s unicameral parliament — was appointed last year to serve out the remainder of Boluarte’s term, which runs until July, when a new president will take over following elections on April 12.

He is constitutionally barred from seeking election.

Jeri has found himself in the spotlight over claims revealed by investigative TV program Cuarto Poder that five women were improperly given jobs in the president’s office and the environment ministry after meeting with Jeri.

Prosecutors said there were in fact nine women.

Jeri is also under investigation for alleged “illegal sponsorship of interests” following a secret meeting with a Chinese businessman with commercial ties with the government.

Institutional Crisis 

Some observers have pointed to possible politicking in the censure of Jeri just weeks before elections for which over 30 candidates — a record — have tossed their hats into the ring.

The candidate from the right-wing Popular Renewal party, Rafael Lopez Aliaga, who leads in opinion polls, has been among the most vocal in calling for Jeri’s ouster.

Congress is now set to elect its own new leader on Wednesday to replace a caretaker in the post. The new parliament president will automatically take over as Peru’s interim president until July.

“It will be difficult to find a replacement with political legitimacy in the current Congress, with evidence of mediocrity and strong suspicion of widespread corruption,” political analyst Augusto Alvarez told AFP ahead of Tuesday’s vote.

Peru has now burned through seven presidents since 2016, several of them impeached, investigated or convicted of wrongdoing.

The South American country is also gripped by a wave of extortion that has claimed dozens of lives, particularly of bus drivers — some shot at the wheel if their companies refuse to pay protection money.

In two years, the number of extortion cases reported in Peru jumped more than tenfold — from 2,396 to over 25,000 in 2025.

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Social Media Suspended In Gabon ‘Until Further Notice’

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Gabon’s media regulator on Tuesday announced the suspension of social media platforms “until further notice”, blaming content posted online for stoking conflict and division in society.

 

The High Authority for Communication imposed “the immediate suspension of social media platforms in Gabon”, its spokesman Jean-Claude Mendome said in a televised statement.

He said “inappropriate, defamatory, hateful, and insulting content” was undermining “human dignity, public morality, the honour of citizens, social cohesion, the stability of the Republic’s institutions, and national security”.

The communications body spokesman also cited the “spread of false information”, “cyberbullying” and “unauthorised disclosure of personal data” as reasons for the decision.

“These actions are likely, in the case of Gabon, to generate social conflict, destabilise the institutions of the Republic, and seriously jeopardise national unity, democratic progress, and achievements,” he added.

The regulator did not specify any social media platforms that would be included in the ban.

However, the regulator said “freedom of expression, including freedom of comment and criticism,” remained “a fundamental right enshrined in Gabon”.

Less than a year after being elected, Gabonese President Brice Oligui Nguema has faced his first wave of social unrest, with teachers on strike and other civil servants threatening to down tools.

School teachers began striking over pay and conditions in December and protests over similar demands have since spread to other public sectors — health, higher education, and broadcasting.

 

 

AFP

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