US exempts tech imports in another tariff step back after China retaliates strongly

Apple iPhone 16 are on display during the launch September 20, 2024, at the Apple Store in New York . The Trump administration has exempted smartphones, computers and other electronics from its punishing "reciprocal" tariffs on April, 11, 2025 -- lessening the cost impact on American consumers for a host of popular high-tech products. (AFP)
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Updated 13 April 2025
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US exempts tech imports in another tariff step back after China retaliates strongly

  • 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

WASHINGTON: 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.
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.

‘Best news possible’

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.

‘Not afraid of Trump's bullying’

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.
 


Jordanian who attacked US businesses over Israel support sentenced

Updated 4 sec ago
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Jordanian who attacked US businesses over Israel support sentenced

  • Hashem Hnaihen, 44, targeted businesses in the Orlando area beginning in June of last year

WASHINGTON: A Jordanian man who vandalized businesses in Florida for their perceived support of Israel was sentenced to six years in prison on Thursday for threatening to blow up an energy facility, the US Justice Department said.
Hashem Younis Hashem Hnaihen, 44, targeted businesses in the Orlando area beginning in June of last year, causing more than $450,000 in damages, according to court documents.
“Wearing a mask, under the cover of night, Hnaihen smashed the glass front doors of businesses and left behind ‘Warning Letters,’” the Justice Department said in a statement.
The letters were addressed to the president of the United States and laid out a series of political demands, it said.
They culminated in a threat to “destroy or explode everything here in whole America. Especially the companies and factories that support the racist state of Israel.”
In one of his attacks, Hnaihen broke into a solar power generation facility in Wedgefield, Florida, and spent hours destroying solar panel arrays, the Justice Department said.
He was arrested on July 11 after another “warning letter” threatening to “destroy or explode everything” was discovered at an industrial propane gas distribution depot in Orlando, it said.


Global health funding ‘faces historic challenges’

Updated 55 min 18 sec ago
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Global health funding ‘faces historic challenges’

  • WHO director warns budget cuts will significantly impact the health of people around the world

GENEVA: Global health funding faces historic challenges as donor countries reduce their contributions, the director of the World Health Organization said on Thursday.

The US withdrew from the WHO in January, saying the health agency had mishandled the COVID-19 pandemic and other international health crises. 

The US is the UN health agency’s most prominent financial backer, contributing around 18 percent of its overall funding.

“We are living through the greatest disruption to global health financing in memory,” Tedros Adhanom Ghebreyesus said at WHO headquarters in Geneva.

The WHO revised its budget after the American withdrawal exacerbated a funding crisis due to member states reducing their development spending.

Faced with an income gap of nearly $600 million this year, the WHO has proposed slashing its budget for 2026-27 by 21 percent from $5.3 billion to $4.2 billion, and reducing staff numbers, according to an internal memo seen by Reuters.

“It is of course, very painful,” the director added, warning that the cuts would significantly impact the health of people around the world.

Separately, the executive director of the WHO’s emergencies programs said the minds and bodies of children in Gaza were being broken following two months of aid blockade and renewed strikes. 

“We are breaking the bodies and minds of the children of Gaza. We are starving the children of Gaza. We are complicit,” Deputy Director General Michael Ryan said at the WHO’s headquarters.

“As a physician, I am angry. It is an abomination,” he said.

“The current level of malnutrition is causing a collapse in immunity,” Ryan said, warning that cases of pneumonia and meningitis in women and children could increase.

The UN warned this week that acute malnutrition among Gaza’s children was worsening.


Ukraine and the US have finally signed a minerals deal. What does it include?

Updated 01 May 2025
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Ukraine and the US have finally signed a minerals deal. What does it include?

  • The agreement would establish a reconstruction fund for Ukraine that Ukrainian officials hope will be a vehicle to ensure future American military assistance
  • Ukraine sees the deal as a way to ensure that its biggest and most consequential ally stays engaged and doesn’t freeze military support

KYIV: After months of tense negotiations, the US and Ukraine signed a deal that is expected to give Washington access to the country’s critical minerals and other natural resources, an agreement Kyiv hopes will secure long-term support for its defense against Russia.
According to Ukrainian officials, the version of the deal signed Wednesday is far more beneficial to Ukraine than previous versions, which they said reduced Kyiv to a junior partner and gave Washington unprecedented rights to the country’s resources.
The agreement — which the Ukrainian parliament must ratify — would establish a reconstruction fund for Ukraine that Ukrainian officials hope will be a vehicle to ensure future American military assistance. A previous agreement was nearly signed before being derailed in a tense Oval Office meeting involving US President Donald Trump, US Vice President JD Vance and Ukrainian President Volodymyr Zelensky.
“We have formed a version of the agreement that provides mutually beneficial conditions for both countries. This is an agreement in which the United States notes its commitment to promoting long-term peace in Ukraine and recognizes the contribution that Ukraine has made to global security by giving up its nuclear arsenal,” Economy Minister Yulia Svyrydenko, who signed the deal for Ukraine, said in a post on Facebook.
The signing comes during what US Secretary of State Marco Rubio said would be a “very critical” week for US-led efforts to end the war that appear to have stalled. Ukraine sees the deal as a way to ensure that its biggest and most consequential ally stays engaged and doesn’t freeze military support, which has been key in its 3-year-old fight against Russia’s full-scale invasion.
“This agreement signals clearly to Russia that the Trump administration is committed to a peace process centered on a free, sovereign, and prosperous Ukraine over the long term,” Treasury Secretary Scott Bessent, who signed for the US, said in a statement.
Here is a look at the deal.
What does the deal include?
The deal covers minerals, including rare earth elements, but also other valuable resources, including oil and natural gas, according to the text released by Ukraine’s government.
It does not include resources that are already a source of revenue for the Ukrainian state. In other words, any profits under the deal are dependent on the success of new investments. Ukrainian officials have also noted that it does not refer to any debt obligations for Kyiv, meaning profits from the fund will likely not go toward the paying the US back for its previous support.
Officials have also emphasized that the agreement ensures full ownership of the resources remains with Ukraine, and the state will determine what can be extracted and where.
It does not mention any explicit security guarantees to deter future Russian aggression that Ukraine has long insisted on.
The text of the deal lists 55 minerals but says more can be agreed to.
Trump has repeatedly expressed interest in Ukraine’s rare earth elements, and some of them are included in the list, as are other critical minerals, such as titanium, lithium and uranium.
What are rare earth elements?
They are a group of 17 elements that are essential to many kinds of consumer technology, including cellphones, hard drives and electric and hybrid vehicles.
China is the world’s largest producer of rare earth elements, and both the US and Europe have sought to reduce their dependence on Beijing, Trump’s chief geopolitical adversary.
They include elements such as lanthanum, cerium and scandium, which are listed in the deal.
How will the fund work?
The agreement establishes a reconstruction investment fund, and both the US and Ukraine will have an equal say in its management, according to Svyrydenko.
The fund will be supported by the US government through the US International Development Finance Corporation agency, which Ukraine hopes will attract investment and technology from American and European countries.
Ukraine is expected to contribute 50 percent of all future profits from government-owned natural resources into the fund. The United States will also contribute in the form of direct funds and equipment, including badly needed air defense systems and other military aid.
Contributions to the fund will be reinvested in projects related to mining, oil and gas as well as infrastructure.
No profits will not be taken from the fund for the first 10 years, Svyrydenko said.
Trump administration officials initially pushed for a deal in which Washington would receive $500 billion in profits from exploited minerals as compensation for its wartime support.
But Zelensky rejected the offer, saying he would not sign off on an agreement “that will be paid off by 10 generations of Ukrainians.”
What is the state of Ukraine’s minerals industry?
Ukraine’s rare earth elements are largely untapped because of state policies regulating the industry, a lack of good information about deposits, and the war.
The industry’s potential is unclear since geological data is thin because mineral reserves are scattered across Ukraine, and existing studies are considered largely inadequate, according to businessmen and analysts.
In general, however, the outlook for Ukrainian natural resources is promising. The country’s reserves of titanium, a key component for the aerospace, medical and automotive industries, are believed to be among Europe’s largest. Ukraine also holds some of Europe’s largest known reserves of lithium, which is required to produce batteries, ceramics and glass.
In 2021, the Ukrainian mineral industry accounted for 6.1 percent of the country’s gross domestic product and 30 percent of exports.
An estimated 40 percent of Ukraine’s metallic mineral resources are inaccessible because of Russian occupation, according to data from We Build Ukraine, a Kyiv-based think tank. Ukraine has argued that it’s in Trump’s interest to develop the remainder before Russian advances capture more.


Zelensky hails Ukraine-US mineral deal as ‘truly equal’

Ukraine’s President Volodymyr Zelensky (R) meets with US President Donald Trump (L) on the sidelines of Pope Francis’s funeral.
Updated 01 May 2025
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Zelensky hails Ukraine-US mineral deal as ‘truly equal’

  • The deal, which both parties signed on Wednesday, would see the US and Kyiv jointly develop Ukraine’s critical mineral resources

KYIV: Ukrainian President Volodymyr Zelensky on Thursday hailed a minerals deal that Kyiv had signed with Washington, saying the reworked agreement was “truly equal.”
The deal, which both parties signed on Wednesday, would see the United States and Kyiv jointly develop Ukraine’s critical mineral resources.
US President Donald Trump initially described the arrangement as “money back” for the wartime aid Ukraine received under his predecessor Joe Biden, but Kyiv says the new agreement is not linked to any past “debt.”
During the negotiations, “the agreement changed significantly,” Zelensky said in his daily address.
“Now it is a truly equal agreement that creates an opportunity for quite significant investment in Ukraine.”
“There is no debt in the deal, and a fund — a recovery fund — will be created that will invest in Ukraine and earn money here,” he added.
Kyiv and Washington planned to sign the agreement weeks ago, but a fiery clash between Trump and Zelensky in the White House temporarily derailed talks.
Ukraine had been pushing for long-term security guarantees as part of any deal.
The new agreement does not place any specific security commitments on the United States, but Washington argues boosting its business interests in Ukraine will help deter Russia, which invaded its neighbor in 2022.


Brazilian nun who was the world’s oldest person has died at 116

Updated 01 May 2025
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Brazilian nun who was the world’s oldest person has died at 116

  • Canabarro died at home of natural causes, said her Teresian nun congregation, the Company of Saint Teresa of Jesus
  • She was confirmed in January as the world’s oldest person by LongeviQuest

SAO PAULO: Sister Inah Canabarro, a Brazilian nun and teacher who was the world’s oldest person, died on Wednesday just weeks short of turning 117, her religious congregation said.
Canabarro died at home of natural causes, said her Teresian nun congregation, the Company of Saint Teresa of Jesus. She was confirmed in January as the world’s oldest person by LongeviQuest, an organization that tracks supercentenarians around the globe.


She would have turned 117 on May 27. According to LongeviQuest, the world’s oldest person is now Ethel Caterham, a 115-year-old British woman.
Canabarro said her Catholic faith was the key to her longevity, in a video taken by LongeviQuest in February 2024. The smiling Canabarro can be seen cracking jokes, sharing miniature paintings she used to make of wild flowers and reciting the Hail Mary prayer.
“I’m young, pretty and friendly — all very good, positive qualities that you have too,” the Teresian nun told the visitors to her retirement home in the southern Brazilian city of Porto Alegre.
As a child, Sister Inah Canabarro was so skinny that many people didn’t think she would survive into adulthood, Cleber Canabarro, her 84-year-old nephew, told The Associated Press in January,
Her great-grandfather was a famed Brazilian general who took up arms during the turbulent period following Brazil’s independence from Portugal in the 19th century.
She took up religious work while she was a teenager and spent two years in Montevideo, Uruguay, before moving to Rio de Janeiro and eventually settling in her home state of Rio Grande do Sul. A lifelong teacher, among her former students was Gen. Joao Figueiredo, the last of the military dictators who governed Brazil between 1964 and 1985. She was also the beloved creator of two marching bands at schools in sister cities straddling the border between Uruguay and Brazil.
For her 110th birthday, she was honored by Pope Francis. She was the second oldest nun ever documented, after Lucile Randon, who was the world’s oldest person until her death in 2023 at the age of 118.
Canabarro took the title of the oldest living person following the death of Japan’s Tomiko Itooka in December, according to LongeviQuest. She ranked as the 20th oldest documented person to have ever lived, a list topped by Frenchwoman Jeanne Calment, who died in 1997 at the age of 122, according to LongeviQuest.
“Her long and meaningful life touched many, and her legacy as a devoted educator, religious sister, and a supercentenarian will be remembered with great admiration,” LongeviQuest said in a statement.
The wake for Canabarro will take place on Thursday in Porto Alegre, the capital of southern state of Rio Grande do Sul, her order said.