Tariff exemptions announced Friday on electronics like smartphones and laptops are only a temporary reprieve until the Trump administration develops a new tariff approach specific to the semiconductor industry, U.S. Commerce Secretary Howard Lutnick said Sunday.
White House officials, including President Donald Trump himself, spent Sunday downplaying the significance of exemptions that lessen but wont eliminate the effect of U.S. tariffs on imports of popular consumer devices and their key components.
Theyre exempt from the reciprocal tariffs but theyre included in the semiconductor tariffs, which are coming in probably a month or two, Lutnick told ABCs This Week on Sunday.
Source: WTHR
Published on April 14, 2025
Leave a Reply