According to Trump’s Secretary of Commerce, tech tariff exemptions are only temporary.
According to U.S. Secretary of Commerce Howard Lutnick, the tech industry may not be safe from new tariffs.
The Trump administration announced it on Friday evening. Appliances such as laptops and smartphones are exempt From the customs announced earlier this month. (Trump It delayed many of these tariffs This week he introduced a baseline fee of 10% and imposed an additional 125% tariff on Chinese products. )
Exemption Report We note that high-tech products may be affected by target tariffs and that semiconductors are under specific scrutiny.
Lutnick made it clearer on Sunday morning Interview On the ABC show “This Week,” Trump said he is “exempt from mutual tariffs” but includes them in “semiconductor tariffs that will likely come in one or two months.”
“All of these products will come under the semiconductors. They will have special focus type duties so that those products will be recharged,” says Lutnick. “We need semiconductors, we need chips, we need flat panels. We need to make these things in the US.”
Lutonic pushed on whether tariffs mean higher prices for American consumers, saying, “I don’t think so,” and once again emphasized, “I think it’s the idea that we can manufacture in America.” (Other people said Lutonic’s Vision “An army of millions of people screwing small screws to make an iPhone, something like that would come to America.” Fantasy. )
Trump himself did that Asked about semiconductor tariffs This weekend he said, “I’ll give that answer on Monday.”