US Says Separate Tariffs On Electronics, Semiconductors Coming In 'A Month Or Two'
US Commerce Secretary Howard Lutnick made the comments in an interview with ABC News.
The US on Sunday said that smartphones, computers, other electronic devices, and semiconductors may face separate tariffs in the coming weeks.
The comments, made by US Commerce Secretary Howard Lutnick in an interview with ABC News, came amid President Donald Trump’s wave of tariffs — currently on pause — which has created uncertainty in global stock markets.
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“We can’t be relying on China for fundamental things that we need: our medicines and our semiconductors need to be built in America," Lutnick said in the interview.
On Friday, the Trump administration had granted temporary exclusions from the steep tariffs for certain electronic products. The move provided relief to major tech companies like Apple, which depend heavily on imported components and finished products.
The exemptions, published in a notice by the US Customs and Border Protection office, cover various electronic goods including smartphones and components entering the US from China, which are currently subject to a staggering additional 145 per cent tariff.
Semiconductors are also excluded from the “baseline" 10-per cent tariff on most US trading partners and the added 125-percent levy on China.
The exclusions narrow the range of sweeping 10-per cent levies announced by Trump earlier this month, and the punishing additional rate on goods from China.
(With inputs from agencies)
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