In a plot twist worthy of a binge-worthy drama, the US announced late Friday it’s exempting smartphones, laptops, and select electronics from controversial "reciprocal tariffs." The exemption applies to imports arriving after April 5, with refunds available for tariffs already paid. 💸
"This is a massive U-turn in tariff policy," noted The Kobeissi Letter, summing up the whiplash felt across markets. Analysts say the shift could save consumers cash and boost tech giants like Apple and Samsung, who’ve been sweating over rising costs. 📈
Why It Matters:
The rollercoaster of US trade policies has sparked criticism from both Wall Street and politicians—even former VP Mike Pence called out the turbulence. With tech being a lifeline for work, school, and memes (*priorities*), this move could cool prices ahead of holiday shopping season. 🛒✨
