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

Group 1 - The U.S. administration announced that smartphones, computers, and other electronics will be exempt from new reciprocal tariffs, benefiting consumers and companies like Apple [1][3][11] - Nearly twenty electronic items, including routers and semiconductor chips, are included in the exemption list, which appears to cover products manufactured in China [5][6] - The exemptions are effective for merchandise entered for consumption on or after April 5, 2025, as per the guidance issued by Customs and Border Protection [6] Group 2 - The administration's decision follows a presidential memorandum and is part of a broader strategy to manage trade relations, particularly with China [2][8] - A new 10% baseline tariff and harsher reciprocal levies will affect numerous countries, including key allies, while online Chinese retailers like Temu and Shein are no longer exempt from tariffs [9] - The Dow experienced a significant drop of over 1,000 points following the announcement of these tariffs, indicating market concerns about a potential trade war [9]