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President Donald Trump has shown considerable flexibility on his “reciprocal tariffs” that he unveiled on April 2. First, the administration paused the tariffs, excluding those on China, for 90 days. The 10% flat tariff is still in place, which while significant, is not as disruptive compared to the full “reciprocal” rates.
Then, the president exempted electronic goods like computers, smartphones, and chips from the 125% reciprocal tariff on China. Trump clarified that the 20% fentanyl-related tariff would still apply to these goods.