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Trump plans new tariffs on semiconductors, promises flexibility for some companies | Trump administration is looking at the whole electronics supply chain as part of its tariff investigations
According to Reuters, Trump told reporters during the flight that he wanted to uncomplicate the semiconductor industry because the US wants to make its chips and other...
The announcement follows Friday's decision by the White House to exclude certain technology products from steep reciprocal tariffs on Chinese imports, a move that briefly raised hopes within the tech industry that consumer goods like phones and laptops might avoid price hikes. However, comments from Commerce Secretary Howard Lutnick on Sunday clarified that critical electronics, including smartphones and computers, would soon face separate tariffs, in addition to those on semiconductors. In response to Washington's latest moves, China's Ministry of Commerce issued a statement on Sunday indicating it was assessing the impact of the exclusions for technology products announced late last week.
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