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The Trump administration late Friday said they would exclude electronics like smartphones and laptops from 

, 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 and chip makers like Nvidia.

U.S. Customs and Border Protection said items like smartphones, laptops, hard drives, flat-panel monitors and some chips would qualify for the exemption. Machines used to make semiconductors are excluded too. That means they won’t be subject to the current 

 he would consider exempting some companies from tariffs.

The move takes off “a huge black cloud overhang for now over the tech sector and the pressure facing U.S. Big Tech,” said Wedbush analyst Dan Ives in a research note.

Neither Apple nor Samsung responded to a request for comment early Saturday. Nvidia declined to comment

The Associated Press

Author

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.

Trump administration says it will exclude some electronics from 'reciprocal' tariffs

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