U.S. Tariff Exemptions for Electronics Are ‘Temporary’
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The Trump administration’s exemption on tariffs for electronics, including smartphones, computers, and other consumer electronics, may be short-lived. Commerce Secretary Howard Lutnick stated that the White House’s decision to exempt these items from steep tariffs earlier this month was only temporary. A new set of duties focused on semiconductors is expected within a month or two, with a special focus type of tariff to encourage chip and flat panel production in the U.S. and reduce dependence on Asian manufacturing.
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