In a move welcomed by the tech industry, former President Donald Trump—now running for re-election—announced exemptions for smartphones, computers, and semiconductor chips from his proposed “reciprocal tariffs” on imports. The decision, revealed Friday, aims to prevent price surges on consumer electronics and avoid disruptions in the already strained global tech supply chain.
Trump’s tariff plan, part of his broader trade policy agenda, would impose higher levies on imports from countries that charge the U.S. more for their goods. However, tech products were granted exclusions after industry leaders warned that additional costs could hurt U.S. businesses and consumers.
The exemptions signal a strategic shift, acknowledging the critical role these products play in both the economy and everyday life. With semiconductor shortages still a concern and AI-driven demand rising, the decision may ease fears of further market instability. Analysts suggest this could also soften backlash from tech giants and manufacturers reliant on overseas components.
The full details of the reciprocal tariff plan are expected to be rolled out in the coming months, with further exemptions possible as trade negotiations evolve.
