Farcaster

President Trump exempted new tariffs on cell phones, computers, chips and other electronic devices and components, including semiconductors, solar panels, high-definition television screens, flash drives, memory cards and solid-state drives (SSDs) used to store data. The exemption covers all countries, including China, which is a win for companies like Apple. CEO Tim Cook has repeatedly stressed that moving out of China or back to the US is not easy and cannot be done quickly. There has been no official statement from the White House. It is unclear whether the data here is just a temporary measure to facilitate companies to start moving factories, or if there is actually a new trade deal being negotiated between the US and China.