Trump statement on no exemption on tariffs on electronic goods. His continued declaration against China and aspirations to keep electronic production within the US.
US President Donald Trump declared in a social media post on Sunday that there will be no tariff exemptions. This announcement comes after the tariff pause on electronics announced on Friday by the Administration, which incentivised US tech companies, who had previously expressed concerns about the 125% tariffs against China.
Originally the US government allowed tariff exemptions for electronic goods, imported mainly from China. The US Customs and Border Protection Agency published a list of 20 product categories, including computers, disc drives, semi-conductors, and memory chips as a part of the exemptions.
However, Commerce Secretary Howard Lutnick indicated that the tariff exemptions are only temporary. “They're exempt from the reciprocal tariffs but they're included in the semiconductor tariffs, which are coming in probably a month or two,” Lutnick told ABC라이브 바카라 “This Week” on Sunday.
Trump in his trade war with China, states that no one is ‘getting off the hook’, especially ‘hostile trading nations like China’. Adding to the confusion, claiming that there was no exception at all, with the goods just moving to a ‘different Tariff Bucket’.
Today Trump has escalated the tariffs on China to 145%. China, in response urged the US to ‘completely cancel’ reciprocal tariffs and retaliated with a 125% tariff on US goods.
Trump's administration predicted the trade war would result in companies like Apple, manufacturing goods within the US, but this has proven unlikely, seeing as companies have fabricated a supply chain in China for decades.
Still, Trump reiterates his plans to make key electronic products within the United States, and to no longer be ‘held hostage’ by other countries like China.
Trump further adds that the Tax and Regulation Cuts, which have been approved by the House and the Senate, will set the course towards the ‘Golden Age of America’.
Trump claims that the cuts will lead to higher-paying jobs, American-made products, and treating other countries, in particular China, the way they have treated the US.