Smartphones, computers and other electronics will be exempted from President Donald Trump's reciprocal tariffs, the U.S. Customs and Border Protection said on Friday. 

The exclusions, applicable to smartphones, laptops, computers, semiconductors, memory chips, flat panel TV displays, hard drives, provide some relief from Trump's 125% tariffs on China and 10% baseline tariffs on nearly every other country.

The guidance should provide relief to smartphone manufacturers like Apple (NASDAQ:AAPL) and Samsung and chip major Taiwan Semiconductor Manufacturing (NYSE:TSM). 

Apple (AAPL) reportedly airlifted 600 tons of iPhones to, or as many as 1.5 million, from India to the U.S., in an effort to beat the newly announced tariffs.