Stocks in Taiwanese tech companies that are major suppliers to companies like Apple rose on Monday after the U.S. government granted temporary exclusions from steep tariffs on smartphones, computers and some other electronics imported largely from China.

After questions were circling about U.S. tariff rates, we finally got our answer. On April 2, President Donald Trump announced reciprocal tariff rates, and one of the highest was with Taiwan at 32%. This is much higher than the 10% base rate that many countries were hit with,

Electronics imported to the United States will be exempt from President Donald Trump’s sweeping tariffs, according to a US Customs and Border Protection notice posted on Friday.