Trump announces "no Tariff 'exception' announced on Friday"
a year ago
- #semiconductors
- #tariffs
- #tech industry
- U.S. Commerce Secretary Howard Lutnick suggests tech industry may still face tariffs despite exemptions.
- Trump administration exempted consumer electronics like laptops and smartphones from recent tariffs but left a 10% baseline tariff and added 125% on Chinese goods.
- Semiconductors and tech products could be targeted in upcoming tariffs to encourage U.S. manufacturing.
- Lutnick claims tariffs aim to 'reshore' production of semiconductors, chips, and flat panels to America.
- Trump denies tariff exceptions, stating electronics are moving to a different 'tariff bucket' and will be part of national security investigations.