On Saturday, the Trump administration said it would exempt technology products like the iPhone, PCs and chips from much of the recently imposed Chinese tariffs. But for most businesses in the U.S., orders from China are being canceled and Chinese freight being shipped could be abandoned. Without a wider pause in the trade war with China, the damage will soon be “irreversible” for U.S. businesses, according to a retail expert, including furniture, toys, apparel, footwear, and sports equipment. Container vessels and shipping containers at Yangshan Deep-Water Port on Oct. 18, 2024, in Shanghai, China. Vcg | Visual China Group | Getty Images
Apple’s iPhone and other technology hardware, from chips to PCs, received a China tariff reprieve from President Trump on Saturday, but for much of the U.S. economy and small business owners, the damage will