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US tech tariff exemption may only be temporary, says Lutnick

13 April 2025
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US tech tariff exemption may only be temporary, says Lutnick
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US Commerce Secretary Howard Lutnick indicated that smartphones and other consumer electronics may face new tariffs soon, despite recent exemptions from the Trump administration. Following a tumultuous week in US markets due to trade tensions, Lutnick stated on ABC that the reprieve for these products is temporary, as they are subject to an ongoing government investigation into semiconductors. His remarks highlight the uncertainty surrounding Trump’s tariff policies, which have led to significant market fluctuations.

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