Overview

• The Trump administration has temporarily exempted smartphones, laptops, chips, and computer processors from new tariffs, offering immediate relief to tech companies like Apple.
• Apple’s market capitalization has rebounded to over $3 trillion, with its stock rising 2% following the tariff exemptions.
• President Trump confirmed his personal involvement in the decision, citing discussions with Apple CEO Tim Cook as part of a flexible approach to economic policy.
• Officials have cautioned that these exemptions are not permanent and could be revised in the coming weeks, leaving the future of tariff policies uncertain.
• The exemptions highlight the administration’s strategy of balancing trade pressures with support for key American businesses through direct engagement with industry leaders.