Commerce Secretary Lutnick says tariff exemptions for electronics are only temporary
Source: ABC News
April 13, 2025, 11:17 AM
Commerce Secretary Howard Lutnick said Sunday that the administration's decision Friday night to exempt a range of electronic devices from tariffs implemented earlier this month was only a temporary reprieve, with the secretary announcing that those items would be subject to "semiconductor tariffs" that will likely come in "a month or two."
"All those products are going to come under semiconductors, and they're going to have a special focus type of tariff to make sure that those products get reshored. We need to have semiconductors, we need to have chips, and we need to have flat panels -- we need to have these things made in America. We can't be reliant on Southeast Asia for all of the things that operate for us," Lutnick told "This Week" co-anchor Jonathan Karl.
He continued, "So what [President Donald Trump's] doing is 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. So these are coming soon."
The administration's clarification comes after a U.S. Customs and Border Protection bulletin was posted Friday night outlining key electronics -- smartphones, computers, solar cells, flat-panel TV displays and semiconductor-based storage devices, among others -- would be exempt from the tariffs announced since April 2. That meant those products would not be subject to steep tariffs on Chinese imports, nor the global 10% tariff rate President Donald Trump had imposed.
Read more: https://abcnews.go.com/Politics/commerce-secretary-lutnick-tariff-exemptions-electronics-temporary/story?id=120752319

bucolic_frolic
(49,730 posts)I think they think this is flexibility, but everyone with half a brain and all of Wall Street is reading it to be confusion, power struggle, imbalance, lunacy.
EarthFirst
(3,613 posts)Then I may then I wont
BootinUp
(49,610 posts)The Madcap
(1,093 posts)doesn't decide where consumer products are made. Businesses do that. Making chips overseas was a business decision. If you want that to change, start there. Don't start by taxing Americans even more.
Tarzanrock
(694 posts)Looks like the Turd has already "flip-flopped" on those so-called "exemptions" to his insane tariffs for all those computer and electronic products, cell phones and like electronic products. Yep, it's only a "temporary reprieve" as stated by Howard Nutnick, the Turd's idiotic Commerce Secretary, because, well, the U.S. is going to amazingly be able to "onshore" the maufacturing of all of those highly sophisticated electronic items ("smartphones, computers, solar cells, flat-panel TV displays and semiconductor-based storage devices, among others ..." which are manufactured in industrial districts in China [which took decades to establish] but will soon be mysteriously now "onshored" and now miraculously manufactured here in the U.S. even with all the attendant new factory construction costs and the successive high labor manufacturing costs to actually manufacture those items in the U.S. The people in this fucked-up Administration are morons!
Justice matters.
(8,280 posts)... who would be lining up to apply for those high-skill jobs to work 16 hours/day for $4/day!
Why no stupid pundit never replies with that truth is mind boggling! Oh, they're there for the paycheck.
sinkingfeeling
(54,994 posts)then you put tariffs on the semiconductors they need. And for good measure, reverse the tariff on the import of electronic devices temporarily.
mdbl
(6,151 posts)Good luck with that.
LudwigPastorius
(12,154 posts)JFC! Is it any wonder why the bond market has gone wobbly?
The "full faith and credit of the United States government" means nothing anymore.
Tarzanrock
(694 posts)It has been collapsing and that collapse has been accelerating due to the Turd's insane economic policies.
ms liberty
(10,130 posts)ThoughtCriminal
(14,515 posts)I never seem to have the right hunting license.