Commerce Secretary Lutnick walks back tariff relief on electronics

Commerce Secretary Howard Lutnick walked back the recent reciprocal tariff exemption on select electronics announced in an April 12 bulletin from the United States Customs and Border Protection. On April 13, Lutnick told ABC News that the reciprocal tariff exemption was temporary until the administration established a sector tariff regime for semiconductor products, which includes phones, graphics processors, and computing chips in a "month or two. " Lutnick added:"President Trump has called out pharmaceuticals, semiconductors, and autos. He called them sector tariffs, and those are not available for negotiation source: https://cointelegraph.com/news/commerce-secretary-lutnick-walks-back-tariff-relief-electronics?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound