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Live from NPR News in Washington, I'm Windsor Johnston.
Apple and other tech companies are breathing a sigh of relief after President Trump announced
that smartphones and other electronics will be exempted from new tariffs.
NPR's Bobby Allen reports the tech industry had been bracing itself for a major shock.
U.S. Customs and Border Protection published tariff exclusions late Friday that include smartphones,
laptops, memory chips, and machines that create semiconductors.
Fear of a sudden spike in the price of iPhones sent some customers rushing to buy new devices,
and Apple charted a cargo plane from India to fly 600 tons of iPhones out to avoid the new levies.
But Apple and Nvidia, two of the most valuable companies in the world, have for now won a reprieve.
The Trump administration has pushed tech companies to manufacture more electronics in the U.S.,
but executives say the cost of labor,
advanced supply chains abroad, along with hyper-specialized workers,
would make moving production to the U.S. in some cases nearly impossible.
Bobby Allen in PR News.