The US trade secretary Howard Lutnick said on Sunday that smartphones, computers and some other electronics, which are currently freed from steep tariffs for imports from China, would be exposed to new tasks together with semiconductors within the next two months.
Lutnick’s comments on ABCS This week The labeling of the upcoming taxes for critical technology products marks the latest turn in the tariff plans of President Donald Trump, who have launched the Global Commercial Ordinance and the Roiled Financial Markets on April 2.
On Friday, the Trump administration granted exclusions from the steep tariffs on smartphones and a number of other electronics products, a step that is seen as a big break for technology companies such as Apple and Dell Technologies that are dependent on imports from China.
For Chinese imports, the exclusion of technical products only applies to Trump’s “mutual” tariffs, which reached 125 percent this week. Trump’s earlier 20 percent tasks to all Chinese imports that he said are related to the fentanyl crisis.
Trump’s back and forth -tölle have switched off a trade war with China and triggered the wildest swings on Wall Street since the Covid Pandemy of 2020. The Benchmark S&P 500 index has decreased more than 10 percent since Trump took office on January 20.
Lutnick said Trump, in addition to sectoral tariffs that aim at semiconductors and pharmaceuticals, would be issued “a special tariff tariff” on smartphones, computers and other electronics products in one or two months. He said these new taxes would fall outside of Trump’s so -called mutual tariffs, under which the taxes on Chinese imports rose to 125 percent this week.
The Trump administration says that it will exclude electronics such as smartphones and laptops from the latest tariffs. This means that such devices and their components are not subject to the currently 145 percent of China’s tariffs or the 10 percent basic tariffs elsewhere.
“He says that they are liberated from the mutual tariffs, but they have been included in the semiconductor tariffs that will probably come for a month or two,” Lutnick said in an interview about ABC and predicts that the taxes would bring the production of these products to the USA.
“These are things that are national security that we need to be done in America,” said Lutnick.
With his comments, Lutnick seemed to go over what was communicated on Saturday when an official of the White House told the media that Trump would soon initiate a new National Security Trade examination in semiconductors that could lead to other new tariffs.
Beijing increased its own tariffs for US imports to 125 percent on Friday and scored against Trump’s tariffs. China announced on Sunday that it rated the effects of the exclusions for the technology products implemented late Friday.
“The bell on the neck of a tiger can only be solved by the person who bound it,” said the Chinese Ministry of Commerce.
Mocked videos and pictures of US President Donald Trump and overweight Americans excite the Chinese media because Beijing distributes to 145 percent US tariffs by wandering his taxes on US goods to 125 percent.
The billionaire investor Bill Ackman, who confirmed Trump’s run for the president, who criticized the tariffs, asked him to pause the wide and steep tariffs in China for three months on Sunday, as he did in most countries last week.
“If President Trump paused China -Zölle for 90 days and temporarily reduced to 10 percent, he would achieve the same goal that US companies lay their supply chains without disturbance and risk for these companies at short notice, and he would have time to negotiate a deal with China,” wrote Ackman on X.
“There is no tariff policy – only chaos”
The Democrat of US Senator Elizabeth Warren criticized the recent revision of Trump’s tariff plan, of which the economists could have warned of recharting economic growth and inflation.
“There is no tariff policy – only chaos and corruption,” said Warren at ABCS This week.
The top political correspondent Rosemary Barton speaks to the former US finance minister Larry Summers about the effects of the tariffs of US President Donald Trump on the global economy.
In a message to the senders late Friday, the US customs and border protection authority published a list of tariff codes that were excluded from import taxes. It contained 20 product categories, including computers, laptops, disc drives, semiconductor devices, memory chips and flat field displays.
In an interview about NBCS Meet the pressPeter Navarro, the trade advisor of the White House, said that the United States would have opened an invitation to China for negotiation, but criticized their connection to the lethal Fentanyl base chain and did not accept a list of seven companies -the United Kingdom, the European Union, India, Japan, South Korea, Indonesia and Israel -with which the administration was discussed.
“They are just at the door of Jamieson Greer,” said Navarro, referring to the US trade representative.
Greer said about CBS ‘ Put on the nation That Trump has not yet given plans to talk to the Chinese President Xi Jinping about tariffs, and China accused of creating the trade frame by responding with their own taxes.
China meets the United States in a vulnerable place when the trade war escalated between the two. Then Andrew Chang explains why mathematics to determine the global mutual tariffs of President Donald Trump is misleading.
“The only reason why we are in this position because China has decided to take revenge,” he said.
Ray Dalio, the billionaire founder of the world’s largest hedge fund, told NBCS Meet the press That he was worried that the United States is even worse in a recession or worse due to the tariffs.
“At the moment we are at a decision point and very close to a recession,” said Dalio on Sunday. “And I’m worried about something worse than a recession if this is not treated well.”
