April 14, 2025
Temporary Tariff Exemptions on Electronics from China
The U.S. administration announced a temporary 90-day exemption for certain tech products, including smartphones, laptops, memory chips and monitors from the latest 125% tariff on imports from China. However, Secretary of Commerce Howard Lutnick clarified that these devices will soon face separate sectoral tariffs under a Section 232 national security investigation focused on semiconductors. The presidential action and CSMS # 64724565 can be referenced for the HTS codes that can be applied to smartphones and semiconductor parts for the temporary exemption.
In addition to looking into semiconductors, the U.S. administration is also looking into pharmaceuticals. In the coming weeks the U.S. administration could announce tariffs on pharmaceutical imports, which had been initially exempt from the broad “reciprocal” tariffs what went into effect last week. The move aims to bring drug manufacturing back to the U.S., but industry analysts warn it could disrupt complex global supply chains and won’t easily bring production stateside.
The tariff situation continues to remain fluid, and further changes are expected in the coming weeks. We understand that the recent changes can be confusing, as things are evolving quickly. These regulations are subject to change so please reach out to your Mallory Alexander representative or our M-PACT team for further assistance with any tariff amendment backdating questions and/or calculating tariffs by HTS code.
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