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美国对手机/PC/服务器/半导体等产品有条件豁免“对等关税”

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2025-04-12 11:23:11

美国海关发布2025年关税豁免新规:科技产品供应链或迎重大转机



4月12日最新消息 - 美国东部时间2025年4月11日晚间10:36分,美国海关和边境保护局(CBP)正式发布公告,对4月2日颁布的进口商品加征关税行政令及后续4月7日、4月9日补充行政令作出实施细则说明。本次公告最引人注目的是对包括计算机设备、服务器、智能手机、打印机、半导体制造设备、5G通信基站、网络路由器、存储器、显示面板及集成电路等核心科技产品给予关税豁免待遇。



根据白宫官网披露的22页详细豁免清单,新规创新性地引入"美国成分"认定标准:
• 豁免条件:当进口商品包含20%及以上价值的"美国成分"时
• 征税方式:仅对非美国成分部分征收对等关税
• 适用范围:所有原产地国家的适用商品



【对投资者的关键影响】
1. 科技板块利好:半导体、消费电子类上市公司成本压力有望缓解
2. 供应链重构机会:加速美国本土高附加值零部件产业发展
3. 关税套利空间:关注在美设有生产基地的跨国企业投资机会
4. 市场波动预警:需警惕政策执行过程中的技术性贸易壁垒风险



注:本公告具体实施细则尚待美国商务部进一步解读,建议投资者密切关注后续发布的HS编码对照表及原产地认证细则。

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