Howard Lutnick Reverses US Tariff Exemption
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Commerce Secretary Howard Lutnick has reversed a newly announced reciprocal tariff exemption for select electronics, just days after U.S. Customs and Border Protection detailed the measure. The abrupt shift has deepened market uncertainty, raising concerns about U.S. trade strategy stability. Lutnick explained the exemption would be temporary until a sector-specific tariff framework for semiconductor products is established, expected within the next month or two. Products like smartphones and graphics processors will fall under this new policy.
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