Top US officials, including Donald Trump, have indicated that the recent exemption of smartphones, laptops, and other electronics from import tariffs will be short-lived. Trump announced plans for a national security investigation into the semiconductor industry, underlining the need for American-made products. Despite a brief relief in tariffs announced by the White House that boosted stock prices, it appears that new tariffs targeting critical technology from China, including semiconductors and electronics, are imminent, with the Trump administration prioritizing national security in its trade policies.
Trump's statement on Truth Social emphasized that no electronic products would escape tariffs, indicating a shift in strategy towards national security matters in trade relations.
Lutnick's comments suggest that while there may be temporary reprieve from certain tariffs, new duties targeting technology will be rolled out soon to bolster American manufacturing.
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