Trump does tariff exemptions and will Harvard ever be the same.

I'll discuss all this and more on this edition of the editors.

I'm Rich Lowellow and I'm joined as always by the Grillmaster, Phil Klein, Noah, Noah,

Rothman, and Jackie B.

Jack Butler, you are, of course, listening to a National Youth podcast.

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So, Phil, I think it was late Friday night. We got this guidance or ruling or

whatever it was, exempting a bunch of consumer electronics from the new tariffs on China. Most

notably, the iPhone, if you read up on how iPhones are manufactured, they're so deeply

embedded into China. It would be hugely extensive, expensive, excuse me, years-long effort

to pull out those supply chains and recreate them somewhere else. So if Apple wasn't going to take

a huge hit, it needed an exemption.

People kind of assumed it would get an exemption.

And lo and behold, it's gotten an exemption.

A couple things to say about this at least initially.

One, it's a tacit concession that the tariffs are damaging to U.S. companies and to U.S.

consumers, because obviously if the price of

...