Dhaka, April 13 -- The Trump administration announced late Friday that it will exempt certain electronics, including smartphones and laptops, from reciprocal tariffs.

The move is expected to ease pressure on consumers and offer a boost to major tech firms like Apple, Samsung, and chipmakers such as Nvidia, AP reports.

US Customs and Border Protection said that items like smartphones, laptops, hard drives, flat-panel monitors, and some chips will be excluded from the current 145% tariffs on Chinese goods and 10% tariffs applied to other countries. Semiconductor manufacturing equipment will also be exempt.

Late on Saturday, while travelling to Miami, Trump said he would give more details of the exemptions at the start of next week.

Appl...