Donald Trump management, who met with the Great CEOs, made a quiet new arrangement in customs duties, can be positive! Here are the details

The US Customs and Border Protection (CBP) has released the updated customs tariff guide and confirmed that the 20 product categories within the scope of the United States Mixed Customs Tariff Top (HTSUS) will be exempted from the “mutual customs duties”.

The decision came after a memorandum signed by President Donald Trump at a time when the trade tension with China increased.

Exemptions Integrated Circuits (HS 8542), Smartphones (HS 8517.13.00), flat panel screen modules (HS 8524), computers and components (HS 8471, 8473.30) and semiconductor production equipment (HS 8486). Other electronic products, including solar batteries, flat panel TV screens, flash drives and memory cards, are also on the exemption list.

This guide came after Trump’s announcement that he would bring a comprehensive customs duty to 145 %of the products imported from China at the beginning of this month; This decision had a shock effect in the technology sector and caused significant risks for companies such as Apple, which are largely based on Chinese -based production.

Sector analysts call these exceptions as a great gain for the technology sector. According to Evercore Heat, 80 %of Apple’s iPads and more than half of Mac computers are produced in China. New exemptions, Apple and other technology giants actually maintain the entire burden of customs duty increases.

“This technology is a dream scenario for investors, Dan said Wedbush Securities Technology Research Global President Dan Ives CNBC.

IVS stated that customs duties wandered on the technology sector like a “black cloud”: “No sector would not be as damaged as much as big technology companies. I think the great technology CEOs raised their voices and had to understand and listen to the White House.

The existing exemptions provide temporary relief, while the guideline states that these products may encounter taxes in the future, but that any additional customs duties are expected to be significantly lower than 145 %.

*It is not an investment advice.