Trump planned to collect Chinese electronics after initially exempt them from the “mutual” rates
The secretary of the United States Commerce Howard Lutnick said on Sunday that smartphones, computers and other electronics, just exempt from strong rates on imports from China, would have to face new separated duties together with semiconductors within the next two months.
Lutnick’s comments on ABC This week Abandoning the next withdrawals on critical technological products mark the latest turning point in the tariff plans of President Donald Trump, who overturned the global trading order and broke the financial markets since they were announced on what “Liberation Day” marked on April 2.
Last Friday, the Trump administration exclusions granted From the strong rates on smartphones and a series of other electronic products, a move seen as a large pause for technological companies such as Apple technologies and which are based on imports from China.
For Chinese imports, the exclusion of technological products applies only to Trump’s “mutual” rates, which have reached 125 % this week. The previous Trump’s 20 % tasks on all Chinese imports that according to him were linked to the Crisis of the Fenancel remain in place.
Trump’s back and forth on the rates has started a commercial war with China and has pushed the most unbridled oscillations of Wall Street since the 2020 pandemic in 2020. The S&P 500 index of reference has been down more than 10 % since Trump came into office on January 20.
Lutnick said that Trump will implement “a special type of type of rate” on smartphones, computers and other electronic products in a month or two, together with sectoral rates that aim for semiconductors and pharmaceutical products. He said that those new withdrawals would fall out of the so -called mutual rates of Trump, according to which the withdrawals on Chinese imports have risen to 125 % this week.
The Trump administration claims that it will exclude electronics as a smartphone and laptop from the latest rates. This means that these devices and their components will not be subject to current tariffs of 145 % collected on China or basic rates of 10 % elsewhere.
“He is saying that they are exempt from mutual rates, but are included in the rates for semiconductors, who probably arrive in a month or two,” Lutnick said in the interview on ABC, providing that the laws would bring the production of those products in the United States.
“These are things that are national security, which we must be done in America,” Lutnick said.
With his comments, Lutnick seemed to go beyond what was communicated on Saturday, when an official of the White House told the media that Trump would soon launch a new survey on the national security trade on semiconductors who could lead to other new rates.
Beijing has increased its rates on US imports to 125 % on Friday, hitting Trump rates. China declared on Sunday that it was evaluating the impact of the exclusions for the technological products implemented late on Friday.
“The bell on the neck of a tiger can only be unrelated to the person who tied it,” said the Chinese Ministry of Commerce.
The videos and images of the President of the United States Donald Trump and of overweight Americans are sweeping the Chinese media while Beijing takes revenge against 145 % of the US tariffs making excursions to the US assets to 125 %.
The billionaire investor Bill Ackman, who approved Trump’s race for the president, but who criticized the rates, on Sunday invited him to pause the large and steep rates on China for three months, as he did for most countries last week.
“If President Trump were to pause Chinese rates for 90 days and temporarily reduce them to 10 %, he would get the same goal in making US companies transferred their supply chains from China without interruption and risk for these short -term companies and would have had time to negotiate an agreement with China”, wrote Ackman on X.
“There is no tariff policy – only chaos”
The United States Senator Elizabeth Warren, a democratic, criticized the latest revision of the Trump tariff plan, which the economists have warned could affect the economic growth and inflation of fuel.
“There is no tariff policy – only chaos and corruption” said Warren on ABC This week.
The political correspondent Rosemary Barton speaks with the former United States Treasury Secretary Larry Summers on the impact of the rates of the President of the United States Donald Trump on the global economy.
In a notice for shipments late on Friday, the US agency for the protection of borders and borders has published a list of tariff codes excluded from import taxes. It presents 20 categories of products, including computers, laptops, disk units, semiconductor devices, memory chips and dishes with flat panels.
In an interview on NBC Meet the pressPeter Navarro, commercial councilor of the White House, said that the United States opened an invitation to China to negotiate but criticized its link with the lethal supply chain of Fenanil and did not include them in a list of seven entities – the United Kingdom, the European Union, the India, the Japan, the South, the Indonesia and Israel – with which the administration was in contrast.
“They are only aligning out of Jamieson Greer’s door,” said Navarro, referring to the commercial representative of the United States.
Greer said from CBS Face the nation That there are still no plans for Trump to speak with the Chinese president Xi Jinping on rates, accusing China of creating the commercial friction by responding with his own samples.
China is hitting the United States in a vulnerable point while the commercial war intensifies between the two. Therefore, Andrew Chang explains why the mathematics used to determine the global mutual rates of President Donald Trump is misleading.
“The only reason we really are in this position at this moment because China has chosen to take revenge,” he said.
Ray Dalio, the founder billionaire of the world’s largest Hedge Fund, told NBC Meet the press who was worried about the United States who slipped into the recession, or worse, due to the rates.
“At this moment we are in a decision -making point and very close to a recession,” Dalio said on Sunday. “And I’m worried about something worse than a recession if this is not well managed.”
