U.S. President Donald Trump is set to share more information about chip tariffs on Monday, despite new exemptions for select consumer electronics, including smartphones and computers. The exclusion is a big break for tech giants like Apple, who depend on their Chinese production bases to make some of its flagship devices. Chinese imports of the select tech will still be subject to a 20% tariff issued by Washington in Feburary.
Taiwan says its negotiations with the U.S. is proceeding smoothly, as it looks to lower the 32% tariff imposed by Washington, now paused for 90 days.
