Trump administration excludes smartphones and computers from reciprocity fees

The Trump administration said Friday afternoon that it will exclude electronics such as smartphones and laptops, a move that could help reduce prices for popular consumer electronics that aren’t usually made in the U.S.

The move will also benefit major tech companies such as Apple and Samsung, as well as chip makers such as Nvidia.

The U.S. Customs and Border Protection lists about 20 products that are eligible for exemption. They include hard drives, memory chips, tablet monitors and solid-state storage devices, as well as machines used to make semiconductors.

This means they will not be subject to the 145% tariff currently imposed on China, or the 10% benchmark tariff elsewhere.

Trump has previously said he would consider exempting certain companies from tariffs.

The move gradually disappeared “the huge black cloud in the technology field and the pressure on our large technologies”, Wedbush analyst Dan Ives said in a research note.

Neither Apple nor Samsung responded to requests for comment earlier Saturday. Nvidia declined to comment.