U.S. President Donald Trump emphasized on Sunday that the exemption of smartphones and computers from his administration’s reciprocal tariffs on China will be temporary, as he pledged a national security investigation into the semiconductor sector.
“These electronics are just moving to a different Tariff 'bucket,'” Trump stated in a social media post. “We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations.”
The White House had revealed the exclusions from steep reciprocal tariffs on Friday.
Earlier on Sunday, Trump’s Commerce Secretary, Howard Lutnick, mentioned that critical technology products from China, including semiconductors, would soon face separate new duties within the next two months.
The exclusions, which were seen as a significant relief for technology companies like Apple and Dell Technologies that depend on Chinese imports, are expected to be short-lived.
Trump's fluctuating tariff decisions last week caused major volatility on Wall Street, with the Standard & Poor's 500 index falling more than 10% since he took office on January 20.
Lutnick explained that the new duties would include a “special focus-type of tariff” on smartphones, computers, and other electronics in the next month or two, alongside new sector-specific tariffs targeting semiconductors and pharmaceuticals. These duties would fall outside the reciprocal tariffs, under which levies on Chinese imports were recently raised to 125%.
“He's saying they're exempt from the reciprocal tariffs, but they're included in the semiconductor tariffs, which are coming in probably a month or two,” Lutnick told ABC's "This Week," predicting the tariffs would bring the production of these products back to the United States. “These are things that are national security, that we need to be made in America.”
In retaliation, Beijing raised its own tariffs on U.S. imports to 125% on Friday. Prior to Lutnick’s comments, China said it was assessing the impact of the exclusions on technology products announced late Friday.
“The bell on a tiger's neck can only be untied by the person who tied it,” China’s Ministry of Commerce remarked.
On Friday, the U.S. Customs and Border Protection agency issued a notice to shippers listing 20 product categories, including computers, laptops, disc drives, semiconductor devices, memory chips, and flat panel displays, that would be exempt from the new import taxes.
With inputs from Reuters
“These electronics are just moving to a different Tariff 'bucket,'” Trump stated in a social media post. “We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations.”
The White House had revealed the exclusions from steep reciprocal tariffs on Friday.
Earlier on Sunday, Trump’s Commerce Secretary, Howard Lutnick, mentioned that critical technology products from China, including semiconductors, would soon face separate new duties within the next two months.
The exclusions, which were seen as a significant relief for technology companies like Apple and Dell Technologies that depend on Chinese imports, are expected to be short-lived.
Trump's fluctuating tariff decisions last week caused major volatility on Wall Street, with the Standard & Poor's 500 index falling more than 10% since he took office on January 20.
Lutnick explained that the new duties would include a “special focus-type of tariff” on smartphones, computers, and other electronics in the next month or two, alongside new sector-specific tariffs targeting semiconductors and pharmaceuticals. These duties would fall outside the reciprocal tariffs, under which levies on Chinese imports were recently raised to 125%.
“He's saying they're exempt from the reciprocal tariffs, but they're included in the semiconductor tariffs, which are coming in probably a month or two,” Lutnick told ABC's "This Week," predicting the tariffs would bring the production of these products back to the United States. “These are things that are national security, that we need to be made in America.”
In retaliation, Beijing raised its own tariffs on U.S. imports to 125% on Friday. Prior to Lutnick’s comments, China said it was assessing the impact of the exclusions on technology products announced late Friday.
“The bell on a tiger's neck can only be untied by the person who tied it,” China’s Ministry of Commerce remarked.
On Friday, the U.S. Customs and Border Protection agency issued a notice to shippers listing 20 product categories, including computers, laptops, disc drives, semiconductor devices, memory chips, and flat panel displays, that would be exempt from the new import taxes.
With inputs from Reuters
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