U.S. Commerce Secretary: U.S. tariff exemptions on electronics may be temporary
Internet reports that U.S. Commerce Secretary Lutnick said in an interview that electronic products such as smartphones, notebooks and wireless headphones that have received tariff exemptions will be re-examined as part of the government's investigation into the semiconductor industry. These products may be included in tariffs on the semiconductor industry, which may be introduced in a month or two. When asked to clarify whether tariffs on iPhones would "resume in a month or so," Lutnik replied: "That's right. We need our drugs, semiconductors and electronics to be produced in the United States." His remarks will add to corporate uncertainty about Trump's tariff measures. Trump's tariff measures have seen a series of reversals and led to a massive sell-off in the $29 trillion U.S. Treasury market last week. In addition, Lutnik also mentioned that tariffs on the pharmaceutical industry will be introduced next month or two months.
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