The Trump administration announced that certain electronics like smartphones, laptops, hard drives, flat-panel monitors and some chips will be excluded from reciprocal tariffs.
This exclusion aims to help keep prices down for popular consumer electronics that are not typically made in the U.S., benefiting big tech companies such as Apple, Samsung and chip makers like Nvidia.
The big picture: U.S. Customs and Border Protection specified the items that would qualify for the exemption, including machines used to make semiconductors.
- The exempted electronics will not be subject to the current high tariffs imposed on China or the standard tariffs elsewhere.
- President Trump had previously expressed consideration for exempting some companies from tariffs to address the issue.
