MICA Daily｜Trump reverses stance on chip tariff exemption policy again, raising concerns about the supply of Mining Rig chips.

On Saturday, U.S. Customs added an exemption clause in response to President Trump's announcement of a temporary exemption from "reciprocal tariffs" for electronic products such as smartphones, laptops, and memory chips, slightly easing consumer concerns about rising prices of technology goods imported from China. However, on Sunday, U.S. Secretary of Commerce Howard Ratnik reiterated that these products would be included in another tariff action targeting semiconductors within 1 to 2 months, leaving future policies filled with uncertainty.

The latest guidelines from the U.S. Customs and Border Protection also exclude 20 categories of products, including semiconductor manufacturing equipment, tablets, Apple Watches, and computers, from tariffs for the time being. However, punitive tariffs against China still exist, including an additional 20% tariff on its role in the fentanyl trade. The Chinese Ministry of Commerce described this move as a slight correction of the U.S. unilateralism error, and also as a subtle hint that the U.S. tariff policy is beginning to yield to China.

It is worth noting that these exempted technology products will account for about 23% of the total value of U.S. imports from China in 2024, benefiting companies such as Apple, Samsung, Dell, and Microsoft. Analysts believe that the exemption measures may boost market confidence. Although the White House encourages companies to bring manufacturing back to the U.S., high labor costs make a full relocation challenging. Additionally, this policy will also affect the cost of China's exports of Bitcoin mining machines to the U.S. Trump's tariff exemption reversal will again increase the uncertainty of procurement costs for mining sites.

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Disclaimer: This article is for market information only. All content and opinions are for reference only and do not constitute investment advice. They do not represent the views and positions of the blockchain. Investors should make their own decisions and trades, and the author and blockchain will not bear any responsibility for any direct or indirect losses incurred by investors' trades.