#USElectronicsTariffs

The tariff regime for America’s technology giants was plunged into more chaos as Howard Lutnick, the US commerce secretary, backtracked on exemptions granted less than two days earlier.

On Friday, President Trump’s administration excluded smartphones, computers and other electronic products, mostly sourced from China, from the 145 per cent tariffs on the country and the baseline 10 per cent import duty on goods from most other nations.

The move had been seen as a reprieve for Big Tech firms, including Apple, Nvidia and Microsoft, which had feared serious disruption.