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Bloomberg Quint
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Trump Warns Tariffs Coming For Electronics After Reprieve
- President Donald Trump plans to apply tariffs on phones, computers, and consumer electronics as part of his trade objectives, despite a temporary exemption for some products.
- Exempted electronics will eventually face a different tariff; details on semiconductor tariffs expected to be announced soon.
- Trump expressed willingness to discuss tariffs with companies and hinted at a special focus-type tariff on semiconductors.
- The exemptions granted provide a window for companies to seek exclusions and influence parameters.
- The pause in tariffs was welcomed by manufacturers, especially those relying on Chinese manufacturing.
- Chinese Ministry of Commerce urged the US to resolve differences through mutual respect in tariff matters.
- The White House is planning sector-specific tariffs for products like steel, autos, and semiconductors, aiming for reshoring and reducing reliance on China.
- Details on semiconductor tariffs expected in a month or two, likely through a Section 232 investigation.
- Trump administration shifting from country tariffs to sector-specific tariffs to reshape trade landscape.
- Separate Trump levy on China remains unaffected; tariffs applied to pressure China on controlling fentanyl shipments.
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