The United States Secretary of Commerce, Howard Lutnick, said on Sunday that smartphones, computers and some other electronic products, exempt from steep tariffs in China imports, would face new separate tariffs along with semiconductors in the next two months.
Lutnick comments on ABC ‘This week’ marking the next levies on critical technology products mark the last turn in the tariff plans of the president of the United States, Donald Trump, which have overturned the global commercial order and the financial markets revealed since they were announced on what described “day of release” on April 2.
On Friday, the Trump administration granted exclusions of the steep tariffs of smartphones and a set of other electronic products, a movement seen as a great break for technology companies such as Apple and Dell Technologies that depend on China imports.
Trump’s forests on rates have started a commercial war with China and caused the wildest changes in Wall Street from the Covid Pandemia of 2020. The Standard & Poor’s 500 reference index has decreased more than 10 percent 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. He said that these new levies would fall out of the so -called Trump reciprocal tariffs, under which the levies on Chinese imports rose to 125 % this week.
“He is saying that they are exempt from reciprocal tariffs, but are included in semiconductor tariff alphabetpredicting that the levies would lead to the production of these products to the United States.
“These are things that are national security, which we must make in the United States.”
With his comments, Lutnick seemed to go beyond what was communicated on Saturday, when a white official told the media that Trump would launch a new national security investigation into semiconductors that he could soon lead to other new rates.
Beijing increased his own tariffs on US imports to 125 percent on Friday, hitting Trump’s rates. China said Sunday that I 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.
Bill Ackman billionaire investor, who supported Trump’s career for president but criticized the rates, on Sunday he asked him to stop the broad and pronounced reciprocal tariffs in China for three months, as he did for most countries last week.
“If President Trump stopped China’s tariffs for 90 days and temporarily reduced them to 10 percent, he would achieve the same goal in making US companies relocate their China’s supply chains without interruption and risk for these companies in the short term, and would have time to negotiate an agreement with China,” Ackman wrote in X.
The ‘chaos of democratic explosions’
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 ABC ‘This week.’
In a notice to the loaders on Friday night, 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.
For Chinese imports, the exclusion of technological products is applied only to Trump’s reciprocal rates, which reached 125 % this week. The previous Trump duties of 20 percent over all Chinese imports that, according to him, were related to the fentanyl crisis remain in place.
In an interview in NBC “Know the press,” the White House commercial advisor, Peter Navarro, said that the United States has opened an invitation to China to negotiate, but criticized its connection with the lethal fentanyl supply chain and did not include them in a list of seven entities: the United Kingdom, the European Union, India, Japan, South Korea, Indonesia and Israel, which said the administration was in conversations.
“They are aligning outside Jamieson Greer,” said Navarro, referring to the United States commercial representative.
Greer said in CBS ‘Face the nation’ that there are still no plans for Trump to speak with Chinese president Xi Jinping about tariffs, accusing China of creating commercial friction responding with their own taxes.
“The only reason we are really in this moment [is] Because China chose to take reprisals, ”he said.
Ray Dalio, the multimillionaire founder of the world’s largest coverage fund, said NBC ‘Meet the press’ that he was worried that the United States slides in 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.”
