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BumRushDaShow

(150,614 posts)
Sun Apr 13, 2025, 12:47 PM Sunday

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

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bucolic_frolic

(49,730 posts)
1. Both sides, both ways, on and off, every day
Sun Apr 13, 2025, 12:54 PM
Sunday

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.

The Madcap

(1,093 posts)
4. With some exceptions, the Federal Government
Sun Apr 13, 2025, 01:23 PM
Sunday

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)
5. The people in this fucked-up Administration are morons!
Sun Apr 13, 2025, 01:38 PM
Sunday

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 ...&quot 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)
9. All that, plus good luck finding "millions" of workers with the same skills...
Sun Apr 13, 2025, 02:19 PM
Sunday

... 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)
6. What a brilliant group. You claim to want to manufacture electronic devices in shiny, new factories in the US and
Sun Apr 13, 2025, 01:45 PM
Sunday

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)
7. It's a long-term strategy being quickly forced on a market addicted to short-term gains
Sun Apr 13, 2025, 01:48 PM
Sunday

Good luck with that.

LudwigPastorius

(12,154 posts)
8. Yes, we wouldn't want any semblance of a stable economic policy, would we?
Sun Apr 13, 2025, 02:01 PM
Sunday

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)
10. Just watch the decline of the US Dollar
Sun Apr 13, 2025, 02:24 PM
Sunday

It has been collapsing and that collapse has been accelerating due to the Turd's insane economic policies.

ThoughtCriminal

(14,515 posts)
12. Flu Season! Tornado Season! Flu Season! Tornado Season!
Sun Apr 13, 2025, 06:14 PM
Sunday

I never seem to have the right hunting license.

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