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U.S. Customs and Border Protection has updated its guidance to exempt smartphones, computers and semiconductors from President Donald Trump’s “reciprocal” duties.
According to reports, Trump had hinted at exemptions on Air Force One on Friday night, telling reporters that "there could be a couple of exceptions for obvious reasons, but I would say 10% is a floor" for tariffs.
The White House didn’t immediately respond to Investopedia’s request for comment.
Apple and Other Device Makers Will Benefit from Exemptions
Apple (AAPL), as well as other device manufacturers, would benefit from the news.
Trump’s executive actions call for 145% tariffs on imported goods from China, which has engaged in an escalating tit-for-tat with the U.S. Apple, whose shares are yet to fully recover from the hit taken since President Trump’s tariff announcement on April 2, did not immediately return a request for comment.
