#Executives in the tech sector and investors feared the impact of widespread tariffs affecting tech products at multiple stages of the supply chain.
Trump exempts certain technological products from tariffs, will cryptocurrencies benefit?
News
The President of the United States, Donald Trump, has exempted a series of technological products from tariffs, such as smartphones, chips, computers, and select electronic products, which is a much-needed relief for the tech industry amid trade pressures.
According to the U.S. Customs and Border Protection, storage cards, modems, diodes, semiconductors, and other electronic products were also excluded from ongoing trade tariffs.
"Large-cap tech companies will ultimately come out winning when all is said and done," read Kobeissi's letter in an X post on April 12.
