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Tech tariff exemptions are only temporary, according to Trump’s commerce secretary
The tech industry may not be safe from new tariffs, according to U.S. Commerce Secretary Howard Lutnick. The Trump administration announced Friday evening
The tech industry may not be safe from new tariffs, according to U.S. Commerce Secretary Howard Lutnick. Lutnick made that more explicit on Sunday morning during an interview with the ABC show “This Week,” saying that Trump is making these products “exempt from the reciprocal tariffs” but including them in “the semiconductor tariffs, which are coming in probably a month or two.” Pressed on whether tariffs will mean higher prices for American consumers, Lutnick said, “I don’t think so,” and again emphasized, “I think the idea is that we can manufacture in America.” (Others have said Lutnick’s vision that “the army of millions and millions of human beings screwing in little screws to make iPhones, that kind of thing is going to come to America,” is a fantasy.)
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