Reacting to continuing stock market woes and perhaps tech industry lobbying, U.S. President Donald Trump backed off on tariffs for electronics late last night.
In a document from the U.S. Customs and Border Protection issued on Friday, the U.S. has now exempted these consumer electronics, much of which are manufactured in China and subjected to 145% tariffs as well as a 10 percent global tariff. Semiconductors, which are used in just about everything as chips are the foundation of all electronic devices — will also be exempt.
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