Trump Administration Announces Temporary Tariff Exemptions for Electronics, Plans New Sector-Specific Tariffs

The White House confirms that smartphones, computers, and semiconductors will face targeted tariffs within months, aiming to onshore critical manufacturing.

• The Trump administration has temporarily exempted smartphones, computers, and other electronics from steep reciprocal tariffs, providing relief to major tech companies like Apple and Nvidia.
• Commerce Secretary Howard Lutnick announced that these products, including semiconductors, will soon face sector-specific tariffs expected to be implemented within one to two months.
• The tariff strategy is part of a broader effort to reduce U.S. reliance on Chinese manufacturing and incentivize the domestic production of critical technologies.
• China criticized the exemptions as insufficient, reiterating its call for the U.S. to cancel all reciprocal tariffs, which currently total 145% on Chinese imports.
• The evolving tariff policy has caused significant market volatility, with investors reacting to the uncertainty and potential economic impacts of further trade restrictions.

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