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US Commerce Secretary says exempted electronic products to come under separate tariffs

  • U.S. Commerce Secretary Howard Lutnick stated that tariffs on semiconductor chips, smartphones, and laptops will be decided within a month or two, despite previous exemptions from reciprocal tariffs.
  • The Trump administration aims to develop an industry-specific tariff model focused on the semiconductor supply chain for national security reasons, according to Lutnick.
  • President Donald Trump clarified that tariff exemptions on technology products are not permanent and emphasized a need for domestic semiconductor production.
  • Tech industry insiders expressed concern over the conflicting messages from the administration, which they believe create uncertainty and chaos in the market.
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Associated Press News broke the news in United States on Saturday, April 12, 2025.
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