2025 US Tech Tariff Update: Temporary Exemptions on Electronics with New Tariffs Expected Soon
Commerce Secretary Howard Lutnick reveals that current US tariff exemptions on smartphones, computers, and semiconductors are temporary, with new tariffs anticipated within months to protect national security interests.
In a recent announcement, Commerce Secretary Howard Lutnick clarified that the current tariff exemptions on key technology products such as smartphones, computers, and semiconductors are not permanent. New tariffs are expected to be implemented within the next one to two months.
Speaking on ABC News’ "This Week," Lutnick explained, "These products are exempt from reciprocal tariffs for now, but they remain subject to semiconductor tariffs that will come into effect soon. This is a national security measure, emphasizing the need for these critical components to be manufactured in the United States."
Last Friday, U.S. Customs and Border Protection updated guidance to exempt a broad range of electronics from President Trump's reciprocal tariffs. However, this exemption is temporary and part of a broader strategy to safeguard American technological manufacturing.
The announcement follows a turbulent week in global markets, triggered by escalating tariff rates between the U.S. and China. China recently increased tariffs on U.S. goods to 125%, responding to President Trump's hike of U.S. tariffs on Chinese imports to 145%.
Major technology companies like Apple (AAPL), heavily reliant on China for manufacturing, have experienced stock volatility amid these trade tensions. Investors remain cautious as the evolving tariff landscape continues to impact the global tech supply chain.
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