Trump’s iPhone olive branch is a significant trade war retreat

Written by on April 13, 2025

Well, well, well.

In a US customs messaging note quietly slipped out in the early hours of Saturday, a series of numbers were listed as exempt from the 125% tariff on goods entering the country from China.

The code "8517.13.00.00" means very little to most of the world, but in the US customs list it represents smartphones.

The inclusion meant that the number one Chinese export to America by value . . .



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