Okay, so this is funny--- Trump caves on a Friday night !!

From 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 US CBP notice states:

All products that are properly classified in these listed provisions will be excluded from the reciprocal tariffs imposed under Executive Order 14257, as amended, pursuant to Section 3(b)(iv) of that Order, effective for merchandise entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01AM Eastern Daylight Time on April 5, 2025:

• So basically, Trump knew he had to cave, but waited for a Friday night news dump to announce that he is caving. All goods classified as electronics (in the specific categories listed out in the CBP notice) are exempt from the reciprocal tariffs.

Roughly, the US imports from China total $400B, with electronics about 30%.  So roughly, $100B of Chinese imports are now exempt from reciprocal tariffs.

The US exports about $120B worth of goods to China, and about $30B worth of services.  All of those goods are now subject to Chinese reciprocal tariffs. And the services exports (travel, tourism, Chinese students studying in the USA etc) will likely drop down to close zero anyway.

In essence, Trumps move will ensure that US exports to China drops down to close to zero, while we continue to import our Gameboys, and our Nintendos… and our iPhones etc. from China.

This is a genius move, I tell you.  Art of the deal !!