Trump exempts electronics — including phones and computers — from reciprocal tariffs

Customs and Border Protection (CBP) cited a presidential memorandum issued Friday, which the White House released Saturday, as the impetus for the new guidance.

The exemptions appear to include products manufactured in China — which Trump had previously slapped with 145% levies on some goods.

The majority of iPhone-maker Apple’s products are manufactured in China, according to investment banking advisory firm Evercore ISI, which notes 80% of iPads and more than half of Mac computers are produced by Chinese workers.

The latest exemption is a win for consumers, who faced paying steeper prices for imported electronics — the top US imports from China.

Companies such as Apple, that manufacture products in China or obtain components for their devices from the communist country, also win with the exemption. Read More