US Secretary of Commerce Howard Lootnick said on Sunday that smartphones, computers and some other electronics, which were exempted only from the sharp tariffs on imports from China, will face separate new duties with semiconductors in the next two months.
Lootnick comments on ABC’s this week The reporting of the upcoming fees on critical technology products was the latest developments in President Donald Trump’s plans, which raised the global trading order and the financial markets that have been shared since its announcement of what he described as “Liberation Day” on April 2.
Late Friday, Trump Administration Excluding granted From a sharp tariff on smartphones and a set of other electronics products, they look at a big step for technology companies such as Apple and Dell Technologies that depend on imports from China.
For Chinese imports, the exclusion of technical products only applies to Trump’s “mutual” definitions, which amounted to 125 percent this week. Trump’s previous 20 percent duties remain on all Chinese imports, which he said is linked to the fentanel crisis in place.
Trump began back and forth on the customs tariffs with a trade war with China and pushed the most fluctuating in Wall Street since the Kofid’s pandemic of 2020. The S& P 500 normative index has decreased more than 10 percent since Trump took office on January 20.
Lootnick said that Trump will enable a “kind of concentration of customs tariffs” on smartphones, computers and other electronics products within a month or two, along with sectoral tariffs targeting semiconductors and pharmaceutical preparations. He said that these new drawings will fall outside the so -called Trump’s mutual tariffs, according to which the fees on Chinese imports rose to 125 percent this week.
The Trump administration says it will exclude electronics such as smartphones and laptops from the latest definitions. This means that such devices and their components will not be subject to current definitions of 145 percent imposed on China, or 10 percent basic definitions in other places.
“He says they are exempt from mutual definitions, but they are listed in a semiconductor tariff, which will come within a month or two,” Lootnick said in an interview with ABC.
“These are national security things, which we need to make in America,” said Lotnick.
Through his comments, Lutnick seemed to go beyond what was connected on Saturday, when a White House official told the media that Trump would launch a new commercial national security investigation into semiconductors that may soon lead to another new tariff.
Beijing increased its definitions on US imports to 125 percent on Friday, causing Trump’s attention. China said on Sunday that it was establishing the impact of the exceptions of technological products that were implemented late on Friday.
The Chinese Ministry of Commerce said: “The bell on the neck of the tiger cannot be restricted except by the person who linked it.”
Videos and photos of US President Donald Trump and Americans who are overweight in Chinese media are discussed, as Beijing discusses 145 percent of American definitions by walking long distances on American goods to 125 percent.
The investor called the billionaire Bill Akman, who supported Trump’s candidacy for the presidency but criticized the definitions, on Sunday to stop the broad and sharp tariffs on China for a period of three months, as he did in most countries last week.
“If President Trump has stopped a 90 -day tariff and reduced them temporarily to 10 percent, he will achieve the same goal in causing American companies to transfer supply chains from China without disrupting these companies in the short term, and it will have time to negotiate with China,” Akman wrote on X.
“There is no tariff policy – chaos only”
American Senator Elizabeth Warren, a democratic, criticized the last review of the tariff plan in Trump, which economists have warned of economic growth and fuel inflation.
“There is no tariff policy – only chaos and corruption” this week.
The Russian political correspondent Barton speaks with former US Treasury Secretary, Larry Samarz, about the influence of US President Donald Trump’s tariff on the global economy.
In the later on Friday, the US Customs and Protection Agency published a list of tariffs excluded from import taxes. It was distinguished by 20 products, including computers, laptops, tablets, semiconductor devices, memory chips and flat panel shows.
In an interview on NBC’s MeetWhite House Trade Adviser, Peter Navarro, said that the United States has opened an invitation to China to negotiate, but criticized its relationship with the pre -evaluation chain of supply and was not included in a list of seven entities – the United Kingdom, the European Union, India, Japan, South Korea, Indonesia and Israel – in which he said the administration was in talks.
“They are lining up outside the door of Jameson Jarir,” Navarro said, referring to the American trade representative.
Jarir said on CBS’s Facing the nation There are no plans for Trump to speak to Chinese President Xi Jinping on the definitions, accusing China of creating trade friction by responding to its fees.
China strikes the United States in a weak place where the trade war rises between the two. After that, Andrew Zhang explains the reason for using mathematics to determine the global definitions of the global mutual of President Donald Trump.
“The only reason is that we are in this position now because China has chosen revenge,” he said.
Ray Dalio, the founder of the billionaire, told the world’s largest hedge box, NBC’s Meet It was concerned about the United States omitting to recession, or worse, as a result of definitions.
“At the present time, we are at the decision -making point and very close to the recession,” Dalio said on Sunday. “I am worried about something worse than stagnation if it is not treated well.”
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