Washington – President Donald Trump said Sunday that he would announce the rate rate in imported semiconductors during the next week, adding that there would be flexibility with some companies in the sector.
The president’s promise means that the exclusion of smartphones and computers from their reciprocal tariffs on China will probably be of short duration, since Trump seeks to restore trade in the semiconductor sector.
“We wanted them not to please him in many other companies, because we want to make our fries, semiconductors and other things in our country,” Trump told journalists aboard Air Force One while traveling to Washington from his heritage in West Palm Beach, Florida.
Trump refused to say if some products such as smartphones could still end exempt but added: “You have to show some flexibility. No one should be so rigid.”
Earlier on the day, Trump announced a commercial investigation of national security on the semiconductor sector.
“We are taking a look at the semiconductors and the entire electronics supply chain in the next national security rates research,” he published on social networks.
The White House had announced the exclusions of reciprocal tariffs on Friday, creating some hope that the technology industry could escape from being caught in the growing conflict between the two nations and that daily consumption products, such as telephones and laptop computers, remain affordable.
However, Trump’s Secretary of Commerce, Howard Lutnick, previously made it clear that China’s critical technology products would face new separate tasks along with semiconductors in the next two months.
Last week, Trump last week caused the wildest changes in Wall Street from the 2020 Covid pandemic. The Standard & Poor’s 500 reference index has dropped more than 10% since Trump assumed the position on January 20.
Lutnick said Trump would promulgate “a special type of focus rate” on smartphones, computers and other electronic products in a month or two, together with sectoral tariffs aimed at semiconductors and pharmaceutical products. The new tasks would remain outside the so -called reciprocal tariffs of Trump, under which Chinese import taxes rose to 125% last week, he said.
“He is saying that they are exempt from reciprocal tariffs, but they are included in semiconductor rates, which are probably arriving in a month or two,” Lutnick said in a television interview on Sunday, predicting that the taxes would take the production of those products to the United States.
Beijing increased its own tariffs on US imports to 125% on Friday in response. On Sunday, before Lutnick’s comments, China said it was evaluating the impact of the exclusions of the technological products implemented on Friday night.
“The bell on the neck of a tiger can only be unleashed by the person who tied it,” said the Ministry of Commerce of China.
Multimillionaire investor Bill Ackman, who supported Trump’s career for president but criticized tariffs, on Sunday he asked him to stop the broad and pronounced reciprocal tariffs in China for three months, as Trump did for most countries last week.
If Trump stopped Chinese tariffs for 90 days and cut them to 10% temporarily, “he would achieve the same goal in making US companies relocate their China’s supply chains without interruption and risk,” Ackman wrote in X.
Sven Henrich, founder and market strategist of NorthMantrader, was very critical of how the problem of the rate was handled on Sunday.
“Verification of feelings: the largest rally of the year would come the day Lutnick is fired,” Henrich wrote in X. “I suggest that the administration discovers who controls the message, whatever it is, since it changes every day. The United States businesses cannot plan or invest with the round trip constant.”
American Senator Elizabeth Warren, a Democrat, criticized the latest revision of the Trump Rate Plan, that economists have warned that they could abolish economic growth and fuel inflation.
“There is no tariff policy, only chaos and corruption,” Warren said in a television interview on Sunday, speaking before Trump’s last publication on social networks.
Late on Friday, the US Customs and Border Protection Agency published a list of tariff codes excluded from import taxes. It had 20 categories of products, including computers, laptops, disc units, semiconductor devices, memory chips and flat screens.
In an interview about “Meet The Press” by NBC News, the White House Commercial Advisor, Peter Navarro, said that the United States opened an invitation to China to negotiate, but criticized China’s connection with the lethal fentanyl supply chain and the one that did not include it in a list of seven entities: the United Kingdom, the European Union, India, Japan, South Korea, South Korea, Indonesia and Israel The administration in the administration, the administration was in Kinks.
Trade representative Jamieson Greer said on a television appearance on Sunday that there were still no plans for Trump to talk to Chinese President Xi Jinping about tariffs, accusing China of creating commercial friction responding with his own. But expressed hope for some non -Chinese agreements.
“My goal is to obtain significant offers before 90 days, and I think we will be there with several countries in the coming weeks,” Greer said.
Ray Dalio, the multimillionaire founder of the world’s largest coverage fund, told “Meet The Press” that he was worried that the United States slide into the recession, or worse, as a result of tariffs.
“At this time we are at a decision -making point and very close to a recession,” Dalio said Sunday. “And I worry something worse than a recession if this is not handled well.”
