The Secretary of American Trade Howard Lutnick said on Sunday that smartphones, computers and other other electronics, simply released from steep tariffs to import from China, would have to face a separate new duties with semiconductors in the next two months.
Lutnicka comments on ABC This week Determination of upcoming fees for critical technological products means the latest return in the tariff plans of President Donald Trump, which raised a global commercial order and collected financial markets, since they were announced in what he called the “Liberation Day” on April 2.
At the end of Friday, the Trump administration exclusions granted From steep tariffs to smartphones and a set of other electronic products, the movement perceived as a great break for technology companies, such as Apple and Dell technologies, which are based on imports from China.
In the case of Chinese import, the exclusion of technological products applies only to Trump's “mutual” tariffs, which reached 125 percent this week. The earlier 20 % of Trump's duties for all Chinese imports, which, he said, are associated with the fentanyl crisis, remains in place.
Trump with tariffs began a trade war with China and caused the wildest swings for Wall Street since the 2020 pandemic Covid. The Benchmark S&P 500 index has fallen by over 10 percent since Trump took office on January 20.
Lutnick said that Trump would introduce a “special tariff type” on smartphones, computers and other electronic products within a month or two, along with sectoral tariffs directed to semiconductors and pharmaceuticals. He said that these new fees would fall beyond the so -called Trump tariffs, under which the fees for Chinese imports increased to 125 percent this week.
The Trump administration claims that it excludes electronics such as smartphones and laptops from the latest tariffs. This means that such devices and their components will not be subject to the current 145 percent tariffs applied to China or 10 % basic tariffs elsewhere.
“He says they are released from mutual tariffs, but they are included in the tariffs of semiconductors, which will probably come within a month or two,” said Lutnick in an interview with ABC, predicting that the fees will bring these products to the United States.
“These are things that are national security that we must be created in America,” said Lutnick.
Thanks to his comments, Lutnick seemed to go beyond what was transferred on Saturday, when the White House official told the media that Trump would start a new investigation into national security trade in the face of semiconductors, which can lead to other new tariffs.
Beijing increased his own tariffs for US import to 125 percent on Friday, hitting Trump's tariffs. China announced on Sunday that he assessed the impact of exclusions of technological products implemented late on Friday.
“The bell around the tiger's neck can only be dissolved by the person who tied her,” said the Chinese Ministry of Trade.
Knatne films and photos of US President Donald Trump and Absight Americans sweep Chinese media when Beijing turned from 145 percent of American tariffs, wandering on American goods to 125 percent.
The billionaire investor Bill Ackman, who supported the presidential candidacy, but on Sunday criticized the tariffs, called him to stop the wide and steep tariffs for China for three months, as for most countries last week.
“If President Trump detained China tariffs for 90 days and temporarily reduce them to 10 percent, he would achieve the same goal in causing that American companies transfer their supply chains from China without interference and risk for these enterprises in a short period, and would have time to negotiate a contract with China,” Ackman wrote on X.
“There is no tariff policy – only chaos”
The US Senator, Elizabeth Warren, Democrat, criticized the last search of Trump's tariff plan, which economists warned, may be ashamed of economic growth and fuel inflation.
“There is no tariff policy – only chaos and corruption,” said Warren at ABC This week.
Rosemary Barton's main political correspondent talks with the former US secretary Larry Summers about the impact of US President Donald Trump's tariffs on the global economy.
In the notification of forwarders at the end of Friday, the American Customs Agency and Border Protection published a list of tariff codes excluded from import taxes. It contained 20 product categories, including computers, laptops, disks, semiconductor devices, memory systems and displays with a flat panel.
In an interview with NBC Meet the pressWhite House Trade Advisor, Peter Navarro, said that the United States opened an invitation to China to negotiate, but criticized its relationship with the mortal chain of fentanyl supply and did not include them on the list of seven entities – Great Britain, the European Union, India, South Korea, Indonesia and Israel – from which he said that the administration was in conversations.
“They just position themselves in front of Jamieson Greer's door,” said Navarro, referring to the US sales representative.
Greer said on CBS Face the nation That Trump does not yet have plans to talk to the Chinese president XI Jinping about tariffs, accusing China of creating trade friction by answering his own fees.
China hit the US in a sensitive place when the trade war intensifies between them. Then Andrew Chang explains why the mathematics used to determine the global tariffs of President Donald Trump misleads.
“The only reason why we are really in this position now, because China decided to take revenge,” he said.
Ray Dalio, founder of the billionaire of the world's largest hedge fund, said NBC Meet the press That he was worried that the US would slip into a recession or worse as a result of tariffs.
“At the moment we are at a decision-making point and very close to the recession,” said Dalio on Sunday. “I'm worried about something worse than a recession, if it's not well served.”