President Trump's upcoming tariff announcement aims to enhance the American semiconductor industry by targeting foreign competition. While some technology products had exemptions over the weekend, these may not last. Trump indicated that flexibility may be offered to certain companies, although specific criteria for exemptions remain unclear. Secretary of Commerce Howard Lutnick confirmed that tariffs could affect smartphones, computers, and other electronics in the near future. This uncertainty has contributed to significant volatility in the stock market, reminiscent of the fluctuations experienced during the COVID-19 pandemic.
'We want to make our chips and semiconductors and other things in our country,' the American president said.
'Nobody should be so rigid,' Trump says. This suggests that some companies may still be able to get exceptions.
US Secretary of Commerce Howard Lutnick has stated that there will be 'a special type of tariff' on smartphones, computers, and other electronic products.
The lack of clarity about the tariffs has led to extreme fluctuations on Wall Street, comparable to the volatility during the COVID pandemic in 2020.
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