Lutnik: U.S. tariff exemptions on electronics may only be temporary
2025-04-13 14:27:33
On April 13, U.S. Commerce Secretary Lutnik said in an interview that electronic products such as smartphones, laptops and wireless headphones that have been exempted from tariffs will be re-examined as part of the government's investigation into the semiconductor industry. These products may be included in the tariffs on the semiconductor industry, which could be introduced in a month or two. When asked to clarify whether the tariffs on iPhones would "resume in a month or so," Lutnik replied: "That's right. We need our drugs, semiconductors and electronics to be made in the United States." His remarks will add to the uncertainty among businesses about Trump's tariff moves, which have seen a series of reversals and led to a massive sell-off in the $29 trillion Treasury market last week. In addition, Lutnik also mentioned that tariffs on the pharmaceutical industry will be introduced within the next month or two.
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