Trump insisted that some goods were simply transferred to various “tariff buckets” and refuted rumors that they were excluded from his tariff increases. Commerce Secretary.
Howard Lutnick hinted that a new “semiconductor tariff” was imminent, but he later confirmed that some electronics, such as computers and smartphones, would be temporarily excluded.
Trump framed the actions as a defense against being “held hostage by… hostile trading nations like China,” saying, “We are looking at Semiconductors and the WHOLE ELECTRONICS SUPPLY.
CHAIN in the upcoming National Security Tariff Investigations.” “We also cannot allow them to continue to mistreat us on Trade, as they have done for decades; those days are over,” he said.
Chinese official media reacted with harsh comments, denouncing the US economic model and criticizing Trump’s trade approach.
“No one is taking advantage of the United States. The US has been living over its means for decades, which is the issue,” one publication said.
