According to a notice from US Customs and Border Protection issued on Friday, electronics imported into the United States will be excluded from President Donald Trump’s widespread tariffs.
Smartphones, computer monitors, and various electronic components are among the products that will be exempt.
The notice states that this exemption applies to goods entering the United States or being removed from warehouses as early as April 5.
Read Also: China Raises Retaliatory Tariffs On US Imports To 125%
This decision follows the Trump administration’s imposition of a minimum tariff rate of 145% on goods imported from China.
These tariffs would have had a significant impact on technology companies like Apple, which manufactures iPhones and other products in China.
Estimates from Wedbush Securities suggest that approximately 90% of Apple’s iPhone production and assembly takes place in China.
Counterpoint Research, a company that tracks global smartphone shipments, estimates that Apple has about six weeks of inventory in the United States.
Once this supply is depleted, prices are anticipated to increase.
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