NASHVILLE: 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, US Commerce Secretary Howard Lutnick said Sunday.
“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” on Sunday.
The Trump administration late Friday said it would exclude electronics from reciprocal tariffs, a move that could help keep the prices down for popular consumer devices that aren’t usually made in the US.