Trump says he will provide more information on semiconductor tariffs on Monday

U.S. President Donald Trump said on Saturday that he will provide an update on his administration's approach to semiconductor tariffs on Monday. "I'll give you that answer on Monday," Trump told reporters aboard Air Force One.

Earlier, the Trump administration granted tariff exemptions for smartphones, computers, and other electronics imports—many of which are sourced from China—shielding them from President Donald Trump's steep 125% tariffs.

In a notice to shippers, U.S. Customs and Border Protection (CBP) published a list of tariff codes that are now excluded from the duties. These exemptions are retroactive to 12:01 a.m. on April 5.

Among the 20 product categories listed by CBP is the broad 8471 code, which covers all computers, laptops, disk drives, and automatic data processing equipment. The list also includes semiconductor devices, related equipment, memory chips, and flat panel displays.

While the CBP notice did not offer a reason for the administration’s decision, the late-night move is seen as a significant relief for major U.S. tech companies like Apple, Dell Technologies, and numerous other importers.

This marks another pullback from Trump’s earlier hardline stance on tariffs, which had included multiple rounds of escalations targeting Chinese goods.

With inputs from Reuters