US Exempts Smartphones and Computers from Increased Tariffs on Chinese Goods, Providing Relief to Tech Companies

The U.S. government has issued a rule exempting smartphones, computers, transistors, and semiconductors from increased tariffs on Chinese goods. * This decision provides relief to tech companies like Apple and Dell. * Some tariffs will still apply to electronics due to previous impositions related to the fentanyl trade. * China retaliated by raising tariffs on American goods to 125%.