Microsoft May Get U.S. Tariff Exemptions on TSMC Chips Microsoft may receive U.S. tariff exemptions on TSMC-supplied chips under a framework tied to Taiwan's $165 billion investment in U.S. chip manufacturing facilities.

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Microsoft May Get U.S. Tariff Exemptions on TSMC Chips

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Trump's 'America First' tariffs have a curious loophole for Amazon, Google, Microsoft. Turns out, 'crucial to economic success' is corporate speak for 'spends millions on lobbying.' #BigTech #TariffExemptions

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India’s Electronics, Pharma Exports To US Avoid Tariff Hit…So Far - IndiaWest Journal News India’s Electronics, Pharma Exports To US Avoid Tariff Hit...So Far.

India’s Electronics, Pharma Exports To US Avoid Tariff Hit…So Far

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Wall St eyes higher open as tariff exemption hopes boost tech stocks - Reuters Wall St eyes higher open as tariff exemption hopes boost tech stocks  Reuters

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8/12 RBC analysis of U.S. customs data reveals why:

CUSMA-compliant product exemptions have dragged the average effective tariff rate down to as low as 2.3%.

"Nowhere close" to initial fears, says Desjardins.
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EU reportedly willing to accept universal 10% tariff but with sector exemptions Investing.com -- The European Union is prepared to accept a 10% universal tariff on many of its exports to the United States, but is seeking lower rates for key sectors, according to a Bloomberg report on Monday. The EU wants the US to commit to reduced tariffs on pharmaceuticals, alcohol, semiconductors, and commercial aircraft as part of any trade arrangement. European negotiators are also pushing for quotas and exemptions to effectively lower the 25% US tariff on automobiles and car parts, as well as the 50% tariff on steel and aluminum. The European Commission, which handles trade matters for the EU, views this potential arrangement as slightly favoring the US but considers it an acceptable compromise, the report added. The EU faces a deadline of July 9 to reach a trade agreement with Donald Trump before tariffs on nearly all European exports to the US increase to 50%.

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Nike, Adidas, Under Armour, and more seek tariff exemptions amid cost concerns Investing.com -- Major footwear companies including Nike (NYSE:NKE), Adidas (OTC:ADDYY), Under Armour (NYSE:UA), and Puma (OTC:PMMAF), represented by a trade association, made a plea to the Trump administration requesting tariff exemptions for their products. The group expressed concern that the tariffs would significantly increase the cost of shoes for American consumers and potentially lead to business closures. The association highlighted the already substantial tariff burden on the footwear industry, with existing rates on children’s shoes reaching as high as 37.5 percent, even before the new reciprocal tariffs. They warned that the additional tariffs could push rates to between 150 percent and nearly 220 percent for many companies, which would be unsustainable, particularly for those providing affordable footwear to lower and middle-income families. The footwear producers argued that the tariffs would not incentivize a return of shoe manufacturing to the United States due to the capital investment and time required to shift sourcing. They also pointed out that tariffs on machinery and materials needed for domestic production further complicate the situation. According to the trade association, the tariffs have been in place for nearly a century and have not resulted in increased domestic production, but rather have led to higher prices for consumers at the cash register. They emphasized that the industry is one where tariffs do not significantly boost domestic production. The industry representatives warned of the immediate risks posed by the tariffs, including job losses, increased consumer costs, and reduced consumer spending that could negatively impact the entire U.S. economy. They urged for a more targeted tariff approach that would not harm American families and requested the administration to exempt footwear from any reciprocal tariff regime. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Australia’s CSL evaluates China tariff exemptions for its US-made drugs Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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AmCham China president says pharma companies have reported tariff exemptions on China imports By Andrew Silver and Brenda Goh SHANGHAI (Reuters) -The Beijing-based American Chamber of Commerce said on Friday that companies in the pharmaceutical sector had reported that they had been able to import drugs to China over the past week with tariff exemptions. "Anecdotally, companies are reporting that they are able to bring in some items without tariffs," Michael Hart, the chamber’s president, said during an online press conference in Beijing. Asked by Reuters after the event if he could specify which sectors those companies came from, he said: "It’s pharmaceutical firms on the exemptions, but I believe it is drug-specific and not a sector-wide exemption." China imposed 125% tariffs on U.S. products after U.S. President Donald Trump paused hefty import tariffs on dozens of countries but singled out China for even higher levies. Separately on Friday, some businesses said that China had exempted some U.S. imports from its tariffs and was asking firms to identify the key goods that they needed levy-free, in a sign of Beijing’s concern about the economic consequences of the trade war. The Chinese tariffs have cut into profit forecasts for many big drugmakers including Johnson & Johnson (NYSE:JNJ) and Merck (NSE:PROR), known as MSD outside the United States and Canada. Medical equipment supplier and pharma services outlet Thermo Fisher Scientific (NYSE:TMO) also said on Wednesday it estimated a $400 million hit this year to its sales in China, which represents about 8% of its business. "Many chamber members operating in the pharmaceutical sector have production sites in the U.S., which produce for global markets, including China, and/or export APIs (active pharmaceutical ingredients) from the U.S. to China, which will be impacted by the tariffs,” Jens Eskelund, president of the European Union Chamber of Commerce in China, told Reuters. Eskelund said that due to tariffs such companies would have a choice between absorbing cost increases themselves or increasing product prices. Those whose products are part of China’s National Reimbursement Drug List or bulk buy procurement tenders would effectively need to bear the costs of tariffs themselves.

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Politically Connected Firms Benefit From Trump Tariff Exemptions Amid Secrecy, Confusion The administration’s lack of transparency about tariff exemptions has experts concerned that some firms might be winning narrow carve-outs behind closed doors. “It could be corruption, but it could ju...

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US stock futures edge up on hopes of more tariff exemptions - Yahoo Finance US stock futures edge up on hopes of more tariff exemptions  Yahoo Finance

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Indian auto stocks jump 3% after Trump considers more tariff exemptions - Reuters Indian auto stocks jump 3% after Trump considers more tariff exemptions  Reuters

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Apple, Dell, and Other Tech Stocks Climb on Tariff Exemptions - Investopedia Apple, Dell, and Other Tech Stocks Climb on Tariff Exemptions  Investopedia

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Tech Stocks Surge as US Eases Tariffs on Smartphones and Chips - WIOBS Global tech markets rebound after the US exempts smartphones, laptops, and chips from China tariffs, easing investor concerns.

Tech Stocks Surge as US Eases Tariffs on Smartphones and Chips
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Best Buy shares surge on tariff exemptions Investing.com -- Best Buy Co., Inc. (NYSE: NYSE:BBY) stock rose 8.8% in Monday’s pre-market trading following the White House’s announcement to exempt smartphones and computers from new reciprocal tariffs on Chinese imports, providing a reprieve for the U.S. tech sector. The exemptions, announced on Friday, span across 20 categories, which notably include computers and laptops, semiconductor devices, memory chips, and flat panel displays. This move is expected to alleviate some of the cost pressures on companies heavily reliant on these imports. Best Buy’s stock performance has been under strain, with a 30% decline year to date and a 20% drop over the past month, largely due to worries about the impact of tariffs on its operations. The announcement has offered a momentary boost to the company’s outlook as it alleviates some of the immediate tariff-related concerns. Other consumer tech companies, such as computer hardware manufacturers HP (NYSE:HPQ) and Dell Technologies (NYSE:DELL), also experienced a positive market response, with their shares surging around 6% on the news. The tariff exemptions come as a significant development for Best Buy, which, like many other consumer electronics retailers, has faced challenges due to the potential increase in costs associated with the import of tech products from China. The temporary relief from tariffs may provide some breathing room for the company to adjust its strategies and potentially improve its financial performance in the near term. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Tariff Exemptions for Tech: What the New U.S. Policy Means for Global Electronics Companies - <FrontBackGeek/> The tariff exemptions on smartphones and computers are a strategic move by the U.S. government to protect consumer electronics and support friendly

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Why is $BTC up today: Trump's trade truce lifts crypto! Bitcoin rises 0.86% as key tech products get tariff exemptions. Fear index improving from 'extreme' to 'mild anxiety.' Even Bitcoin needs a political ceasefire sometimes. #Crypto #TariffExemptions

U.S. Announces Reciprocal Tariff Exemptions for Chinese Smartphones, Computers, and Integrated Circuits

🇺🇸 🤝 🇨🇳 📱 💻 💡 ✅ #TradeDeal #TariffExemptions

Taiwan Semiconductor stock rises on tariff exemptions AMDQCOM hereremove ads Latest comments Install Our AppScan QR code to install app Google Play App Store Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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8/9 Canada and Mexico were exempted from this round of tariffs as they already face 25% levies related to what the US calls the "fentanyl crisis" for goods not complying with regional origin rules under the US-Mexico-Canada agreement.
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9/10 Companies seeking exemptions face tough prospects. Agriculture Secretary Rollins secured reduced tariffs on potash for farmers, but Trump "was unhappy about the reprieve." Most businesses remain silent, fearing retaliation if they criticize the policy publicly.
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New: Key Developments in the U.S. House of Representatives on February 12, 2025 https://buff.ly/4bf7icF #HouseGOP #TaxCuts #DebtCeiling #SpendingCuts #Medicaid #Medicare #SocialSecurity #SpeakerJohnson #TariffExemptions #TradePolicy #RepJohnLarson #HealthUpdate #USPolitics