Commerce Secretary Howard Lutnick says that the tariff exemption on electronic devices is temporary and the new obligation will be “one or two months.”

- Commerce Howard Lutnick It said that tariff relief for electronic devices is temporary and new tariffs on technical equipment will come into effect within next month or two months.
Commerce Secretary Howard Lutnick said President Donald Trump’s trade exemptions on electronic devices were temporary.
US Customs and Border Protection was issued on Friday Let me know About Trump’s so-called mutual tariffs to include exemptions on smartphones, computers, semiconductors, flat panel television displays, flash drives, solid state drives for memory cards, data storage, and other major technical components.
This provided Trump’s hike from China tariffs, which was hiked to 125%, in addition to the previously imposed 20% collection. It also followed his 90-day suspension in most mutual obligations announced Wednesday.
“So what Trump is doing is saying he’s exempt from mutual tariffs, but they’re included in the semiconductor tariffs that will come in a month or two. ABC News on sunday.
In addition to the state’s tariffs, Trump has also warned that tariffs on iron, aluminum and cars are on the way, but also on tips and drugs. The exemption appears to pave the way for new tariffs, but China’s import rate is expected to be below 145%.
While Lutnick mentions semiconductor obligations coming in the near future, he also notes that future tariffs that are beyond semiconductors to increase domestic manufacturing include other technology imports.
“All of these products will come under the semiconductors. They will have special focus type duties to ensure that these products are recharged,” says Lutnick. “We need semiconductors, we need chips, we need flat panels. We need to make these things in the US.”
“We cannot rely on Southeast Asia for everything that works for us.”
According to Lutnick, exemptions are only a temporary move, but rest is not possible. apple Assemble and import the device from China and breathe a little. Since Trump’s Rose Garden Address, the company’s shares have fallen by more than 11%.
“So this is not like a permanent exemption. He’s just making it clear that these cannot be negotiated from the state,” Rutnick said.
His clarification on the exemption comes after China’s Commerce Department said it was “a small step by the US to correct the illegal actions of unilateral “mutual tariffs.”
He also said the United States should “have made great progress in abolishing tort completely and return to the right path of resolving differences through equal dialogue based on mutual respect.”
On Friday, China raised tariffs on US imports to 125%, adding that it has no plans to retaliate.
This story was originally introduced Fortune.com