US exempts smartphones and other electronic devices, including those from China, from reciprocal tariffs

The Trump administration exempted smartphones, computers, and other electronic devices from tariffs, even if they come from China. This move results in a significant reduction in the cost of popular high-tech products for U.S. consumers and particularly benefits companies like Apple, Samsung, and Nvidia.

The measure, announced Friday night by the Bureau of Customs and Border Protection, applies to various electronic products, including smartphones and components entering the United States from China. It effectively avoids the steep 145% tariff that had been imposed on goods from the Asian giant.

According to the CBP statement, these devices will also be exempt from the 10% minimum base tariff that Trump imposed on all U.S. imports. This provides significant relief for American consumers and companies that rely on these components.

Analysts applaud the move: "It takes a huge black cloud for now over the tech sector" 

Analysts have already pointed out that the move "takes a huge black cloud overhang for now over the tech sector and the pressure facing US Big Tech," according to Wedbush analyst Dan Ives.