- The US has announced that a number of key tech products will be exempted from Trump’s “reciprocal” tariffs.
- Smartphones, chip making equipment, and other electronics will be exempted, per the US Customs and Border Protection.
- Wedbush Securities’ Dan Ives called it “dream news” for the tech industry.
The US has announced that a number of key tech products, including smartphones, laptop computers, and chip making equipment, will be exempted from President Donald Trump’s sweeping “reciprocal” tariffs.
The US Customs and Border Protection published the list of exemptions late Friday night.
In a post on X, Wall Street analyst Dan Ives called it “dream news” for the tech industry.
“US Big Tech spoke and the White House made the right move at the right time. Massive relief for market and tech stocks into Sunday night,” the Wedbush Securities managing director wrote.
This is a developing story, check back for updates.
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