The Trump administration has announced exemptions to the massive reciprocal tariffs on China for smartphones, computers and other electronics. In his latest rapid reaction podcast, Darren assesses the exemptions and comments on the the larger tariff picture, barely 10 days after "Liberation Day".  Australia in the World is written, hosted, and produced by Darren Lim, with research and editing this episode by Hannah Nelson and theme music composed by Rory Stenning. Relevant links Tanner Greer, "Obscurity by design: Competing priorities for America's China Policy", Foreign Policy Research Institute, March 2025: https://www.fpri.org/article/2025/03/obscurity-by-design/ Adam Tooze, Chartbook 374: As Trump triggers "sell America", will the result be "stage 4", the politicization of financial markets?, 12 April 2025: https://adamtooze.substack.com/p/chartbook-374-as-trump-triggers-sell