Electronics exempted from reciprocal tariffs will soon be subject to new semiconductor tariffs instead

US Customs and Border Protection on Friday night published a list of products excluded from Trump’s reciprocal tariffs, including smartphones, computers and memory chips, along with other electronic devices and components. But in an interview with ABC News’ Jonathan Karl on Sunday, Commerce Secretary Howard Lutnick said the move doesn't mean these products will be exempt from tariffs altogether — they're just getting their own category. “Those products are going to be part of the semiconductor sectoral tariffs, which are coming,” Lutnick said. It all comes shortly after Trump imposed a 125 percent tariff on goods from China, which the administration confirmed to CNBC and other outlets is in addition to the 20 percent tariff put in place earlier this year, bringing it to a total of 145 percent. Trump had previously announced higher reciprocal tariffs for other countries, too, but walked this back with a 90-day “pause” earlier this week. The pause does not apply to China, though, and th ... Read full article.