President Donald Trump’s administration has exempted smartphones, computers, and other key tech components from newly imposed reciprocal tariffs, according to CNBC. The decision comes after Trump announced 145% tariffs on Chinese imports earlier this month, sparking market volatility and threatening to upend companies like Apple. The exemption list includes semiconductors, flash drives, memory cards, flat panel displays, and solar cells. The White House said the move gives companies time to onshore production. Analysts welcomed the decision, calling it a “game changer” for big tech, which had seen hundreds of billions in market value wiped out in recent days.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump's administration has exempted smartphones, computers and other key
00:06tech components from newly imposed reciprocal tariffs, not according to CNBC. The decision
00:11comes after Trump announced 145% tariffs on Chinese imports earlier this month, sparking
00:17market volatility and threatening to upend companies like Apple. The exemption list
00:21includes semiconductors, flash drives, memory cards, flat panel displays and solar cells.
00:27The White House said the move gives companies time to onshore production. Analysts welcomed
00:32the decision, calling it a game changer for big tech, which had seen hundreds of billions
00:36in market value wiped out in recent days.
00:38For all things money, visit Benzinga.com slash GSTV.