Trump waives new tariffs on chips, phones, and computers.
U.S. Customs and Border Protection sent a bulletin late Friday night stating that the Trump administration is excluding laptops, smartphones, and other gadgets from his reciprocal tariffs.
Solar cells, flat-panel TV screens, flash drives, computer processors, memory chips, semiconductor-based storage devices, and equipment largely used in semiconductor manufacturing are also exempt.
It was anticipated that tech firms like Apple, which depends on China to produce the iPhone, would be negatively impacted by Trump’s total 145% taxes on all Chinese exports.
According to UBS, the new iPhone16 Pro Max could cost an additional $950.
