Tech tariff exemptions are only temporary, according to Trump’s commerce secretary

The tech industry may not be safe from new tariffs, according to U.S. Commerce Secretary Howard Lutnick. The Trump administration announced Friday evening that consumer electronics such as laptops and smartphones would be exempt from the tariffs it unveiled earlier this month. (While Trump delayed many of those tariffs this week, he left a 10% baseline tariff in place, and also levied an additional 125% tariff on Chinese goods.) Reports about the exemptions noted that tech products might still be affected by targeted tariffs to come, with semiconductors coming under particular scrutiny. Lutnick made that more explicit on Sunday morning during an interview with the ABC show “This Week,” saying that Trump is making these products “exempt from the reciprocal tariffs” but including them in “the semiconductor tariffs, which are coming in probably a month or two.” “All those products are going to come under semiconductors, and they’re going to have a special focus type of tariff to make ... Read full article.