Howard Lutnick on Trump's smartphone, laptop tariffs exemption: “What he’s doing is he’s saying they’re exempt from the reciprocal tariffs. But they’re included in the semiconductor tariffs, which are coming in probably a month or two.” www.ft.com/content/9038...

The exclusion covers more than $300 billion worth of trade, including $100 billion from China, about a quarter of Chinese imports. It's a huge change and the put it out late on a Friday night with no press release

Some big exemptions to Trump's reciprocal tariffs here, notably on consumer goods like smartphones, laptops, earphones etc. Big win for US tech, esp Apple. www.ft.com/content/3eb4...

Donald Trump hits Canada, Mexico and China with steep tariffs https://www.ft.com/content/b9101226-edc1-4cde-93ec-186bc95021d7

Canada is the top export market for 36 U.S. states, and Mexico for six. Another great trade fact from Ed Gresser! mailchi.mp/ppionline/tr...

Peter Navarro returns... Peter Navarro nominated as senior adviser in Trump White House on.ft.com/3Vm9ZSK