Trump Admin Grants Electronics Tariff Exemption, Tech Giants Breathe Easy

US Customs and Border Protection announced an exemption from retaliatory tariffs on imported electronics, including smartphones, computer monitors, and various components. This follows the Trump administration's imposition of a minimum 145% tariff on Chinese goods, a move that would have severely impacted tech giants like Apple. Analysts hailed the exemption as “the best possible news for tech investors,” providing significant relief. However, uncertainties remain regarding the impact on consumer prices and the future of US manufacturing. Nintendo even postponed the US pre-order date for its Switch 2 console due to tariff concerns.