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(CNN) — Electronics imported to the United States will be exempt from President Donald Trump’s sweeping tariffs, according to a US Customs and Border Protection notice posted on Friday.
Smartphones, computer monitors and various electronic parts are among the exempted products. The exemption applies to products entering the United States or removed from warehouses as early as April 5, according to the notice.
The move comes after the Trump administration imposed a minimum tariff rate of 145% on Chinese goods imported to the United States. The tariffs would have a major impact on tech giants like Apple, which make iPhones and other products in China.
Roughly 90% of Apple’s iPhone production and assembly is based in China, according to Wedbush Securities’ estimates.
Counterpoint Research, a firm that monitors global smartphone shipments, estimated Apple has up to six weeks of inventory in the United States. Once that supply runs out, prices are expected to go up.
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