When it comes to tariffs, US President Donald Trump is proving more, er, flexible than some thought. Case in point: late Friday, US Customs quietly published a list of tariff exemptions, and buried in the jargon was code 8517.13.00.00. If you know your customs codes, that’s the digital alias of… the smartphone.

Trump’s new 145% tariffs on Chinese goods will now (mostly) spare the devices, as well as laptops, memory chips, solar cells, and semiconductors.

Why the walkback? Eighty percent of iPhones sold in the US are manufactured in China. The full weight of the tariff would have sent sticker prices soaring north of $2,000, torched Apple’s margins, and further spooked Wall Street.