April 12, 2025 8:38 AM ET | The Associated Press
Trump's commerce secretary says new electronics tariff exemptions are temporary, chip tariffs coming
U.S. Commerce Secretary Howard Lutnick says tariff exemptions announced Friday on electronics like smartphones and laptops are only a temporary reprieve until the Trump administration develops a new tariff approach specific to the semiconductor industry, The Trump administration had said late Friday it will exclude electronics like smartphones and laptops from reciprocal tariffs, a move that could help keep the prices down for popular consumer electronics that aren’t usually made in the U.S....
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