Trump administration says it will exclude some electronics from reciprocal tariffs
The iPhone 14, iPhone 14 Pro and iPhone 14 Pro Max are displayed at the Apple Fifth Avenue store, Friday, Sept. 16, 2022, in New York. Credit: AP/Yuki Iwamura
The Trump administration late Friday said they would exclude electronics like smartphones and laptops from reciprocal tariffs, a move that could help keep the prices down for popular consumer electronics that aren’t usually made in the U.S.
It would also benefit big tech companies like Apple and Samsung and chip makers like Nvidia and sets the stage for a likely tech stock rally on Monday.
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