Trump Administration Tariffs: Trump warns ‘no one is off the hook’ despite Lutnick’s claim of electronics getting temporary tariff reprieve
[ad_1] File photo: US commerce secretary Howard Lutnick (left) and US President Donald Trump (Picture credit: AP) US commerce secretary Howard Lutnick on Sunday said the Trump administration’s decision to temporarily exempt electronics like smartphones and laptops from steep new import tariffs was not permanent and that the products would soon fall under a new policy targeting the semiconductor sector.“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’, making it clear the brief relief for consumer electronics was only a pause before a more targeted approach.The White House on Friday had excluded several electronics from the wide-ranging “reciprocal tariffs” introduced earlier this month, in a move that was expected to benefit tech giants like Apple, Samsung, and Nvidia. The exemption included devices […]