The Secretary of Commerce, Howard Lutnick, said Sunday that the administration’s decision on Friday night to exempt a variety of electronic devices from the rates implemented earlier this month was only a temporary postponement, and the secretary announced that these elements would be subject to “semiconductor rates” that will probably enter “one month or two.”
“All these products will be low semiconductors, and they will have a type of special approach to ensure that these products are rented again. We need to have semiconductors, we need to have chips, and we need to have flat panels: we must have these things in the United States.
He continued: “So what [President Donald Trump’s] To do is that they are saying that they are exempt from reciprocal tariffs, but are included in semiconductor rates, which are probably arriving in a month or two. Then these will arrive soon. “
The clarification of the administration occurs after a US Customs and Border Protection bulletin was published. UU. On Friday night, it describes the key electronics: smartphones, computers, solar cells, flat panel TV screens and semiconductor -based storage devices, among others, among others, would be exempt from the rates announced since April 2. That meant that these products would not be subject to steep rates in Chinese imports of the 10% rate of 10% of the 10% rate that the rate of the rate had not imposed.
Lutnick said in “this week” that the White House will implement “a rate model to encourage” the semiconductor industry, as well as the pharmaceutical industry, to move its business to the United States.
“We cannot be in debt and trust in foreign countries for fundamental things we need,” he said. “So this is not like a kind of permanent exemption. It only clarifies that these are not available to be negotiated by countries. These are things that are national security that we must do in the United States.”
This is a development story. Consult the updates again.
