gtag('config', 'G-0PFHD683JR');
Price Prediction

Trade Minister Howard Lootnick says that tariff exemptions on electronic devices are temporary and new duties will come in “month or two” two months.


  • Trade Minister Howard Lootnick He said that the identification relief on electronic devices is only temporary, and new tariffs will enter the technical devices within the next two or two months.

Trade Minister Howard Lootnick said that the commercial exemptions of President Donald Trump on electronic devices are only temporary.

On Friday, customs and American border protection were published Notice On the so -called Trump’s mutual definitions to include smartphones, computers, semi -conductors, flat plate TV screens, tablets, memory cards, solid status engines to store data, and other major technology components.

This was presented by the Trump tariff, which was raised to 125 % at the head of the former 20 % tax imposed. The stopping for 90 days was also followed in most mutual duties announced on Wednesday.

So what Trump does is that he says that they are exempt from mutual tariffs, but they are included in the semiconductor tariff, which will likely come after a month or two. ABC News Sunday.

In addition to the customs tariffs on countries, Trump imposed duties on steel, aluminum and cars, with a warning that the definitions of chips and pharmaceutical preparations on the road. The exemptions seem to pave the way for a new tariff, although it is expected to be less than the total rate of Chinese imports by 145 %.

While Lutnick refers to the duties of the next semiconductor in the near future, it is also noted that other technology imports will be included in the upcoming definitions that exceed semiconductors in an attempt to increase local manufacturing.

“All of these products will be subject to semi -conductors, and they will have a particularly kind of tariff to ensure that these products are reformulated,” said Lootnick. “We need to have semiconductor, and we need to have chips, and we need to get flat panels – we need to make these things in America.”

“We cannot rely on Southeast Asia for all the things that work for us.”

Although the exemptions are only a temporary step according to Lutnick, the rest period is offered to companies like Apple that collects and imports devices from China slightly from the respiratory room. The shares of the company have decreased more than 11 % since the Trump Park address.

“Therefore, this is not like permanent exemption. It only shows that this is not available to negotiate it by the two countries,” said Lootnick.

His clarification regarding exemptions comes after the Chinese Ministry of Commerce said it is “a small step next to the United States to correct its illegal work on the mutual definitions unilaterally.”

He also said that the United States should “take a big step in completely canceling the illegal procedure, and returning to the right track to solve differences through an equal dialog box based on mutual respect.”

On Friday, China increased its tariff on US imports to 125 %, but added that it does not plan for more revenge.

This story was originally shown on Fortune.com

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button