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Electronics Tariff Exemptions May Expire Soon, Says Commerce Secretary

Electronics Tariff Exemptions May Expire Soon, Says Commerce Secretary
© Copyright Image: Coindoo

Speaking Sunday on ABCs This Week, Lutnick clarified that the tariff break on electronicsannounced earlier this monthwas only temporary, and a new set of duties focused on semiconductors is already in the works.

All those products are going to come under semiconductors, Lutnick said, and theyre going to have a special focus type of tariff to make sure those products get reshored.

Targeted Tariffs Coming for Tech and National Security Sectors

According to Lutnick, new tariffs will be introduced within a month or two, targeting chips, flat panel displays, and other components essential to U.S. tech infrastructure. The move follows a Friday bulletin from U.S. Customs and Border Protection that temporarily exempted several tech items from the broader reciprocal tariffs President Trump announced earlier this month.

We need to have chips, and we need to have flat panels we need to have these things made in America, Lutnick added, citing national security concerns and the push to reduce reliance on Asian manufacturing.

The post Electronics Tariff Exemptions May Expire Soon, Says Commerce Secretary appeared first on Coindoo.

Read more: https://coindoo.com/electronics-tariff-exemptions-may-expire-soon-says-commerce-secretary/

Text source: Coindoo

Disclaimer: Financial information and news are not financial advice, read the disclaimer.
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