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.

Apple and Nintendo are taking strategic steps to mitigate the financial impact of President Trump’s latest tariff increases, which threaten to disrupt their global supply chains and product pricing. Apple has shipped 600 tons of products from India to the U.