A range of very consequential exemptions were made to President Donald Trump’s 125 percent tariff on China late Friday night, and it’s providing some clarity about where things are heading.
Specifically, the Customs and Border Patrol released a bulletin excluding smartphones, computers, computer parts, processors, and other electronics from the reciprocal tariffs.
ALSO SEE: Trump Pauses Tariffs for 90 Days, Puts China in the Crosshairs
BREAKING: President Donald Trump’s administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs in win for Apple (and shoppers). This lowers the China tariff from 125%. https://t.co/PpOZ8zfk1t
— Mark Gurman (@markgurman) April 12, 2025
There are two sides to this. It does remove some leverage from the White House in trying to pressure China into a one-sided deal, given these…
