券商中国·2025-04-13 23:17Core Viewpoint - The U.S. Customs announced a waiver on certain goods from "reciprocal tariffs," which is generally seen as a positive development for the tech industry, particularly for companies like Apple and Dell [1][7]. Group 1: Waiver Announcement - The waiver covers 20 product categories, including semiconductors, communication devices, smartphones, and display modules, effective retroactively from April 5, 2024 [6]. - The estimated value of the exempted products is around $100 billion, representing approximately 23% of U.S. imports from China in this category [7]. Group 2: Market Reactions - Analysts view the announcement as optimistic, providing temporary relief to major tech companies like Apple, Nvidia, and Microsoft, despite ongoing uncertainties regarding the "reciprocal tariffs" [7]. - The waiver is expected to alleviate some export pressures for China, as the tariff rate has reached 125% [7]. Group 3: Future Uncertainties - President Trump indicated that further details regarding the semiconductor tariff exemptions would be provided soon, suggesting potential changes in the future [3][9]. - A new national security trade investigation into semiconductors may lead to additional tariffs, indicating that the waiver does not eliminate the risk of future trade barriers [4][9]. Group 4: Economic Implications - Experts suggest that the tariff policy has reached a critical point, with concerns that continued tariffs could trigger a global financial crisis [8]. - The current situation reflects significant domestic and international pressures on U.S. trade policy, leading to a potential shift in strategy by the Trump administration [10].