Donald Trump exempts phones, chips from new tariffs

What you need to know President Trump excluded smartphones, chips, and electronic parts as part of tariffs. He imposed 125% tariffs on products from China earlier this month, and China responded with retaliatory tariffs. This could mean there may not be a price hike on electronic devices. According to new guidance from the U.S. Customs and Border Protection, smartphones and other electronic components will be exempt from U.S. President Donald Trump’s tariffs. Multiple sites, including CNBC and Bloomberg, reported the news. Android Central’s Jerry Hildenbrand explains how these tariffs aim to bring manufacturers back to the U.S. and that if…