Us President Donald Trump on Sunday said he would be announcing the tariff rate on Imported semiconductors over the next week, adding that there would be flexibility with some companies in the sector.
The President's PLEDGE means that the exclusion of smartphones and computers from his reciprocal tariffs on China likely will be short-lost as trump looks to reset trade in the Simconductor sector.
“We wanted to uncompleicate it from a lot of other companies, because we want to make our chips and semiconductors and other things in our country,” Trump Told Reporters Aboard AIRCE ASIF Traveled back to washington from his estate in west palm beach.
Trump declined to say behther some products such as Smartphones might still end up being exampted, but added: “You have to show a certain flexibility.
Earlier in the day, Trump Announced a National Security Trade Probe Into The Semiconductor Sector.
“We are taking a look at semiconductor and the whole electronics supply chain in the upcoming National Security Tariff Investigations,” He Posted on Social Media.
The white house has been announced the exclusions from steep reciprocal tarifs on Friday, creating some hope that the tech industry might being escape being That everyday consumer products such as phones and laptops would remain affordable.
However, Trump's Commerce Secretary, Howard Lutnick, Earlier on Sunday Made Clear That Critical Technology Products from China Would face slept new duties along semiconductors white Next two months.
Trump's Back-Rand-Forth on Tariffs Last Week Triggered The Wildest Swings On Wall Street Since the Covid Pandemic of 2020. The Benchmark Standard & POOR's 500 Index is Down more Since is the 10% SINCE TOUN TOOMP TOUN TOUN TOUN TOUN TOK January 20.
Lutnick said trump would enact “a special focus-type of tarif” on smartphones, computers and other electronics products in a month or two, alongseide sectoral tarifs targeting Semiconductor and pharmaceuticals. The new duties would Fall outside Trump's So-Called Reciprocal Tarifs, Under which levies on Chinese Imports Climbed to 125% Last Week, He Said.
“He's saying're exempt from the reciprocal tariffs, but they're inclined in the semiconductor tarifs, which are coming in probally a month or two,” Lutnick said in an interviewed ” Week, “Predicting the Levies would bring production of that products to the united states.
Beijing Increased Its Own Tariffs on US Imports to 125% on Friday in Response. On Sunday, Before Lutnick's comments, China said it was evaluating the impact of the exclusions for the technology products implemented late on friday.
“The bell on a tiger's neck can only be untired by the person who tied it,” China's ministry of commerce said.
Billionaire Investor Bill Ackman, Who Endorsed Trump's Run for President but who has criticized the tariffs, on Sunday called on Him to pause the Brow and Steep ReciproCal Tarifs on Months, as Trump Did for Most Countries Last Week.
If Trump Paused Chinese Tariffs for 90 Days and Cut Them to 10% Temporary, “He would achieve the same objective in causing using us businesses to relacate their support Risk, “Ackman Wrote on X.
'Changes Every day'
Sven Henrich, Founder and Lead Market Strategist for NorthMantrader, was Harshly Critical of how the tariff issue was being handled on Sunday. “Sentiment Check: The Biggest Rally of the Year Bold Come on the Day Lutnick Gets Fird,” Henrich Wrote on X. “I Sugged the Administration Figures Out Who Controls The Message, Whatsver IS Changes Every day. Us business can't plan or invest with the constant back and forth. “
Us Senator Elizabeth Warren, A Democrat, Criticized The Latest Revision to Trump's tariff plan, which economists have warned Cold Dent Dent Dent Economic Growth and Fuel Inflation.
“There is no tariff policy – Only Chaos and Corruption,” Warren said on ABC's “This week,” Speaking Before Trump's Latest Post on Social Media.
In a notice to shippers late on Friday, the US customs and border protection agency published a list of tariff codes excluded from the important taxes. It Featured 20 Product Categories, Including Computers, Laptops, DISC Drives, Semiconductor Devices, Memory Chips and Flat Panel Displays.
In an interview on NBC's “Meet the Press,” White House Trade Adviser Peter Navarro said the us has opened an invitation to china to negotiate, but he criticized china's connection to the leethal supli Chain and did not include it on a list of Seven Entities – The United Kingdom, The European Union, India, Japan, South Korea, Indonesia and Israel – With He said the administration was in talks.
Trade represcent Jamieson Greer Said on CBS's “face the nation” That there was no plans yet for trump to spendak to spends With Levies of Its Own. But he expressed hopes for some non-chinese deals.
“My goal is to get meaningful deals before 90 days, and I think we're going to be there with several counties in the next few weeks,” Greer said.
Ray Dalo, The Billionaire Founder of the World's Biggest Hedge Fund, Told NBC's “Meet The Press” That He Was Worried About The United States Sliding Into Recession, OR WORSE, ORE WORSE, AS AS ASAULT OF TARFS.
“Right now we are at a decision-making point and very close to a recession,” Dalio said on Sunday. “And i'm worred about something worse than a recession if this isn't handled well.”