The global tech market has been navigating a wave of uncertainty following U.S. President Donald Trump’s introduction of sweeping new tariffs this April, impacting almost every major production hub worldwide.
Starting April 5, the new tariff system commenced with a 10% flat tax on imports from all countries, with China facing the most severe impact—a reciprocal tax of 54%, later escalating to 145%. This move triggered panic buying of iPhones in the U.S., as consumers rushed to avoid potential price increases. However, Samsung Galaxy users now have some respite.
Samsung, which manufactures the majority of its smartphones in Vietnam, found itself in a precarious situation when the new regulations subjected Vietnam to a 46% tariff. However, following pressure from over 75 nations, Trump paused the tariffs for most countries—excluding China—for 90 days, reducing the reciprocal rate to 10%.
Here’s an excerpt from the President’s official statement: “More than 75 Countries have called Representatives of the United States […] I have authorized a 90-day PAUSE and a substantially lowered Reciprocal Tariff during this period of 10%, also effective immediately.” – Donald Trump, President of the United States
In a sudden reversal, Trump has now exempted key electronics from these tariffs—including smartphones, computers, and memory products. This implies:
- Samsung Galaxy prices will remain stable.
- Apple, Google, and other major tech brands will also avoid increases.
- The 10% flat rate still applies, but no further spikes for now.
Some brands were not as fortunate. OnePlus, for instance, quietly increased the price of its Watch 3 from $329 to $499 after the tariffs took effect. Now, with the exemptions in place, we may see a rollback of such abrupt price increases.
While the exemption provides temporary relief, its duration remains uncertain. The administration has hinted that the tariff relief for electronics could be reversed or revised shortly.
