Trump Admin’s Tariffs: Semiconductor Focus Coming Soon

U.S. Commerce Secretary Howard Lutnick addressed upcoming changes to the Trump administration’s tariff policies on consumer electronics. The temporary exemption for smartphones, laptops and other key goods is set to expire soon. Lutnick confirmed that all exempted products will face a new tariff structure, specifically targeting semiconductors, beginning next month. He explained that this move is part of a broader strategy to boost domestic production of vital sectors like chipmaking and flat-panel manufacturing. The administration’s objective is to ensure the resupply of these critical products within the U.S.