Your guide to what the US 2024 elections are for Washington and the world
Donald Trump administration this weekend excluded phones and other household electronics with a steep “mutual” tariffs The fact that there was a significant incentive for technological groups whose shares were immersed after the president unleashed a global trade war on the Day of Liberation.
But speaking on ABC This week On Sunday, Lutnik said that such products would be revised as part of a government probe in semiconductors, which face a separate round of tariffs.
“What he does is say that they are exempted from mutual tariffs,” Lutnik said, citing the US president. “But they are in semiconductor tariffs, which are probably a month -two.”
Asked to clarify whether the tariffs on the iPhones “come back in a month or so”, the lunar replied: “Correctly. This is right … We need our medicines, and we need semiconductors and our electronics to be built in America.”
Lutnik’s comments cause additional uncertainty of the business regarding Trump tariffs, which was marked by a series of reversals that caused prices and intensive sale stocks last week in the US treasurer at $ 29.
Analyst estimates, any tariff mitigation on Chinese import will be a great victory for such Microsoft and Apple, which is about 80 percent of its iPhones.
Last week, Trump has strengthened its additional tariffs for China to 145 percent, even when it offered a 90-day pause at its “mutual” tariffs in other countries. The president has retained a 10 percent tariff for most US trading partners.
The White House trade adviser Peter Navaro said on Sunday that the United States would talk to its trading partners. “We have 90 transactions in 90 days, perhaps here, and it was on the course,” Navarre said.
US Imports, which increased in response to Beijing’s revenge tariffs, include a 20 percent retaliation for the role of the country in the production of Fentonil, as well as the 125 percent “return” tariff.
The exceptions offered by consumer technology goods on Friday are extended only to mutual tariffs. All imports from China, including goods released from mutual levies, are still subjected to an additional tariff of 20 percent at Trump.
Beijing on Sunday urged the White House to cancel the entire degree of “mutual” tariffs, claiming that “there are no winners in the trade war, and there is no way out for protectionism.”
The Chinese Ministry of Commerce said it is a “small step for the United States to remedy its illegal unilateral mutual tariffs” but this is an “assessment of the appropriate impact”.
It adds that the US should “take a big step in correcting its mistakes, completely cancel the wrong practice of mutual tariffs and return to the right mutual respect.”
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2025-04-13 15:41:00