At the beginning of April, the Trump administration slapped a 54% tariff on imported Chinese goods. The result for Singaporean consumers was an iPhone that could increase as much as 43%. That’s $2,715 for an iPhone Pro Max that currently retails for $1,899. In the last week, the Trump administration has increased this tariff to a whopping 145%. Fortunately, the U.S. Customs and Border Protection (CBP) has announced some exemptions. These include:
Mobile phones
Laptops
Hard drives and data storage devices
Flat-screen displays like computer monitors
Wi-Fi routers
Computer parts like processors, memory chips, and semiconductors
Unfortunately, the exemptions on consumer electronics are only a temporary reprieve. Trump maintains that they will eventually move into a ‘different tariff bucket’, which means you could still end up paying through the nose to upgrade your PC. Even though consumer electronics are currently exempt from Trump’s sky-high tariffs, Singaporeans aren’t in the clear just yet. Though they may not cop the effects of a 145% tariff, an overall increase in costs could still be on the horizon.
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