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The tech industry may not be safe from new duty , accord to U.S. Commerce Secretary Howard Lutnick .
The Trump administration announced Friday evening thatconsumer electronics such as laptop computer and smartphones would be exemptfrom the tariffs it unveiled earlier this month . ( While Trumpdelayed many of those tariffsthis hebdomad , he left a 10 % service line duty in place and levied an additional 125 % duty on Chinese goods . )
report card about the exemptionsnoted that technical school products might still be impact by targeted tariffs to come , with semiconductors coming under particular scrutiny .
Lutnick made that more explicit on Sunday dawn duringan interviewwith the ABC show “ This Week , ” saying that Trump is making these products “ exempt from the reciprocal tariffs ” but including them in “ the semiconductor tariffs , which are add up in probably a month or two . ”
“ All those mathematical product are going to come under semiconductors , and they ’re going to have a peculiar focus character of tariff to verify that those products get reshored , ” Lutnick say . “ We need to have semiconductors , we require to have chips , and we need to have flat panels — we necessitate to have these things made in America . ”
Pressed on whether tariff will mean higher prices for American consumers , Lutnick said , “ I do n’t think so , ” and again emphasized , “ I think the mind is that we can manufacture in America . ” ( Others have describedLutnick ’s visionin which “ the US Army of millions and millions of human beings bonk in little nookie to make iPhones , that variety of affair is run short to come to America , ” asa fantasy . )
Trump , meanwhile , postedon Truth Social that there was “ no duty ‘ exception ’ announce on Friday , ” because ( as noted in much of the initial reportage , includingTechCrunch ’s story ) electronics made in China persist subject to a separate 20 % duty that Trump has tied to fentanyl . He also said these products “ are just move to a different Tariff ‘ bucket . ’ ”
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“ The Fake News knows this , but refuses to account it , ” he wrote . “ We are taking a look at Semiconductors and the WHOLE ELECTRONICS provision CHAIN in the approaching National Security Tariff Investigations . ”
This post has been updated with Donald Trump ’s commentary on Truth Social .
