Donald Trump’s tariff strategies are once more changing direction.
Just a few days after the Trump administration revealed exemptions on tariffs for iPhones and various electronics, those exemptions seem to be fleeting. The administration had originally enforced a hefty 145 percent tariff on imports from China but subsequently introduced exceptions that benefitted major tech firms such as Apple.
The exemptions, disclosed on Friday, encompassed an extensive range of Chinese-made electronics, including smartphones, laptops, semiconductors, and flat-panel display modules. While the overarching tariffs stayed intact, these products were temporarily shielded from the full impact of the new duties.
However, by Sunday, April 13, the administration seemed to be reversing its stance.
During a segment on ABC News’ This Week, Commerce Secretary Howard Lutnick specified that the exemptions are not everlasting. “We need to have semiconductors, we need to have chips, and we need to have flat panels — we need to have these things made in America,” Lutnick remarked.
He stressed that the exemptions were not designed to be long-lasting or negotiable. “These are things that are national security priorities,” he continued, reflecting Trump’s viewpoint that such products should be produced domestically.
Lutnick also disclosed that the administration is gearing up to implement new “semiconductor tariffs” in the coming month or two, which would likely affect the same items that were temporarily exempted.
Thus, if you were feeling thankful that you hadn’t hurried to purchase a new iPhone before prices escalated, that gratitude may be short-lived. The opportunity to evade higher costs on electronics could soon be dwindling once again.