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The Trump administration has officially removed tariffs on smartphones, laptops, and other electronic goods, Bloomberg reports.
According to a notice from U.S. Customs and Border Protection, these devices are now exempt from additional import duties — regardless of their country of origin, including China, which currently faces a 125% tariff.
The exemption list includes:
These products are rarely manufactured in the U.S. and account for roughly 20% of total U.S. imports from China, according to Bloomberg Economics. As a result, prices for new iPhones and similar electronics are unlikely to rise — a win for both consumers and corporations.
The decision is also seen as a signal of easing trade tensions between the U.S. and China. The base 10% tariff will also no longer apply to imports from other countries, including Samsung products from South Korea. Taiwan, home to chip giant TSMC, also stands to benefit from the exemption.