Trump exempts smartphones, computers, chips from reciprocal tariffs

According to new guidance from U.S. Customs and Border Protection, President Trump has exempted smartphones, computers, and other electronic devices and components, including semiconductors, solar cells, flat panel TV displays, flash drives, and memory cards from the reciprocal tariffs imposed on China. White House deputy press secretary Kush Desai said in a statement that Trump “has made it clear America cannot rely on China to manufacture critical technologies such as semiconductors, chips, smartphones, and laptops.” Desai added, “At the direction of the President, these companies are hustling to onshore their manufacturing in the United States as soon as possible.” Dan Ives, head of technology research at Wedbush, told CNBC: “This is the dream scenario for tech investors. Smartphones, chips being excluded is a game changer scenario when it comes to China tariffs.”