The US Customs and Border Protection announced on the evening of the 11th that the federal government has agreed to exempt electronic products such as smartphones, computers, and chips from the so - called 'reciprocal tariffs'.
Documents released by the Customs and Border Protection show that these products are excluded from the so - called 'reciprocal tariffs' imposed by the government on trading partners. The exemption applies to electronic products that entered the US after April 5, and those who have paid the'reciprocal tariffs' can seek a refund.
It was reported that this measure may relieve the price - increase pressure faced by US consumers to some extent and benefit electronics giants including Apple and Samsung Electronics.
Financial analyst Hussein Kubeisi pointed out that this marks a '180 - degree turn' in the US government's tariff policy.
Recently, the US government's extensive and erratic tariff policies have caused turmoil in the financial markets and drawn criticism from prominent Republicans, including a former vice - president.
