Apple, tech sector get relief: Smartphones, laptops excluded and other key electronics exempted from Trump Tariffs
The US Customs and Border Protection has released new guidelines that specify certain technology devices and components will be exempt from reciprocal tariffs initiated by US President Donald Trump. The latest notice comes as previous action had raised significant concerns for technology companies, most notably Apple, which manufactures the majority of its iPhones and other products within China.
According to a report by CNBC, the information was disseminated late Friday (April 11) evening. The latest guidance is a direct response to President Trump’s earlier decision to impose a 145% tariff on products originating from China.