Smartphones, laptops and equipment for chipmaking are among items exempt from China tariffs under new guidance from the government.

President Donald Trump’s administration exempted smartphones, computers and other electronics from its so-called reciprocal tariffs, representing a major reprieve for global technology manufacturers including Apple Inc.

The ever-growing U.S. tariffs on imports from China won’t bite Big Tech so badly after all, after the Trump administration late Friday laid out significant exemptions from its wider trade war that include smartphones,