Tariff Surprise: Smartphones and Computers Get Exempted in Late-Night Reversal

The Trump administration has spared iPhones, laptops and other electronics from its reciprocal tariffs, but it's unclear if that'll last. Another twist in the tariff saga: Smartphones, laptops and other consumer electronics may not see soaring prices due to tariffs after all, at least for the time being. Late Friday, the Trump administration exempted such products from the reciprocal tariffs it had imposed earlier, including the 125% fees levied on imports from China, where many tech and electronics products are manufactured.