US Trade Policy Shift: Tariff Exemption Is Temporary

Commerce Secretary Howard Lutnick has clarified that the recent exemption on select electronics from reciprocal tariffs is temporary, contradicting expectations of a broader shift in U.S. trade policy. In an interview with ABC News, Lutnick explained that this exemption will remain in place only until the Biden administration completes its new sector-specific tariff regime targeting semiconductor products. These include smartphones, computing chips, and graphics processors.