this post was submitted on 13 Apr 2025
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Commerce Secretary Lutnick says tariff exemptions for electronics are only temporary: Lutnick said "semiconductor tariffs" will likely come in "a month or two.". (abcnews.go.com)
submitted 4 days ago* (last edited 4 days ago) by Tea@programming.dev to c/technology@lemmy.world
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Commerce Secretary Howard Lutnick said Sunday that the administration's decision Friday night to exempt a range of electronic devices from tariffs implemented earlier this month was only a temporary reprieve, with the secretary announcing that those items would be subject to "semiconductor tariffs" that will likely come in "a month or two."

"All those products are going to come under semiconductors, and they're going to have a special focus type of tariff to make sure that those products get reshored. We need to have semiconductors, we need to have chips, and we need to have flat panels -- we need to have these things made in America. We can't be reliant on Southeast Asia for all of the things that operate for us," Lutnick told "This Week" co-anchor Jonathan Karl.

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[–] phdepressed@sh.itjust.works 11 points 4 days ago

Tbf the bond market getting rocked was in large part due to Canada, Europe, and Japan doing coordinated but relatively minor sales of the bonds they hold as part of the tariff response. Carney probably understands global finances more than any other world leader for getting that done the way he did.