In a surprise announcement extremely late on Friday night, President Trump has exempted smart phones, computers, and chips from the so-called reciprocal tariffs, sparing Apple and others billions in import fees.

Democrats slammed the Trump administration for allegedly favoring sector-specific companies by giving them the ability to bypass the fallout from new trade policy with a Saturday exemption of electronics from “reciprocal” tariffs imposed on countries across the globe,

Apple Inc. has managed to dodge its biggest crisis since the pandemic — for the moment, at least. Donald Trump’s 125% tariffs on goods produced in China threatened to upend it