Trump only rolled back tariffs imposed since April 2. Laptops, phones and semiconductors still face hefty levies.

Smartphones and computers will be exempted from the 125% import levies President Trump imposed on China, multiple outlets reported. Why it matters: The exemption is a win for companies like Apple that manufacture most of their products in China.

When President Donald Trump began his tariff roller coaster, many warned that putting extra taxes on China and Mexico would drive up the cost of both cars and electronics, including smartphones, tablets,