Trump administration says it will exclude some electronics from reciprocal tariffs

The Trump administration says it will 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. U.S. Customs and Border Protection said items like smartphones, laptops, machines used to make semiconductors and flat-panel monitors would be exempt.