Despite Trump first saying unequivocally that there would be no exemptions, and now insisting that there have been no exemptions, Apple and the rest of big tech got an exemption.

"Also, guys, no more chatter about building iPhones in the U.S.A., for now at least." — Steve Kovach
From "BT Exclusive: iPhone manufacturer Foxconn plans new facility in Greater Noida, to create 40,000 jobs" posted Monday by Business Today.
Read More iPhone maker Foxconn building huge new factory in Northern India

"While a new, lower so-called sectoral tariff may still come on goods that have semiconductors — and a 20% tariff on China remains — the change marks a win for Apple."

"In 2022, Bloomberg Intelligence estimated it would take eight years to move just 10% of Apple’s production capacity out of China."

"Too bad if you make shoes, or clothing, or thousands of other consumer products that must pay the tariffs but lack the political or market clout to win exemptions."
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