Donald Trump’s tariff regime keeps getting less and less robust. In the latest backtrack from the Trump administration following the repeated warning of the markets to chill out a bit, the US Customs and Border Protection published guidance late Friday night that introduced new exemptions for smartphones,

What you need to know President Trump excluded smartphones, chips, and electronic parts as part of tariffs.He imposed 125% tariffs on products from China earlier this month, and China responded with retaliatory tariffs.

According to new guidance, Donald Trump will be exempting smartphones and other electronic components and parts from tariffs.