Secretary Lutnick pours cold water on tech tariff exemptions

[Timber Rattler]

https://www.thestreet.com/technology/secretary-lutnick-pours-cold-water-on-tech-tariff-exemptions

The technology sector, or at least a key part of it, breathed easier on Saturday after President Trump said that various industries, including semiconductors, computer hardware, and smartphones, would be exempt from the steep reciprocal tariffs put in place this month.

The reprieve, however, may only be temporary, according to Commerce Secretary Howard Lutnick.

Lutnick, a key proponent of tariffs to re-spark U.S. manufacturing, provided more insight into technology sector import taxes on Sunday. His message renews uncertainty for major U.S. technology companies, including Apple, Dell, and Nvidia, which depend heavily on overseas production to keep costs low.

(snip)

"Sector tariffs will not be part of the negotiations," said Lutnick. "Virtually all semiconductors are made now in Taiwan and they're finished in China. It's important that we reshore them. And so the President is going to come out with his policies on semiconductors and pharmaceuticals. They're going to be outside the reciprocal tariffs."

Therefore, the sector will be treated similarly to autos, which are subject to a 25% tariff, and pharmaceuticals, which the White House says it will also target separately with tariffs.

Nevertheless, this weekend's mixed messages on technology tariffs are problematic for businesses that rely on policy certainty to make long-range plans.

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So which is it????

 

[kevindavis007]

JFC


Trump (who hires the best) needs fire this Bozo.

[jafo2010]

He has two years from Jan 20th, 2025.  Almost three months have ticked off and he is running out of time.  He has 21 months left, and they are delaying implementing what they want to do thinking they have endless time.  They have 21 months and the party is over.

Come November, 2026, I see the Democommies gaining majorities in Congress in one if not both houses, despite being dysfunctional as a political party.

And you ask, how can that ever happen?  Well, it is almost halfway through April, 6.5 months subsequent to the start of the federal budget year, and they keep kicking the can down the road.  Better than halfway through the year, and no budget.  And these clowns keep getting elected over and over again.

Other than a half dozen folks in Congress, the rest are not worth used TP.  Utterly pathetic, and yet we want to claim we are the leaders of the free world.  Uh...ha.

[Timber Rattler]

Trump says there will be NO tariff exemptions in dramatic reversal that'll hit Americans hard

https://www.dailymail.co.uk/news/article-14605259/trump-tariffs-trade-war-china-exemptions.html

President Donald Trump on Sunday insisted there will be no exemptions in the tariffs after there was some confusion when it came to electronics. 

'NOBODY is getting “off the hook” for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst!' the president posted on Truth Social.

A notice released late on Friday suggested gadgets would avoid Trump's 125 percent import tax on Chinese goods and even his sweeping 10 percent global tariffs.

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Wait, what?

[DefiantMassRINO]

Trump's brand is chaos.  Pucker up the sphincters and restock the doomsday shelter.  It's going to be a long 4 years made worse by a think-nothing, do-nothing GOP Congress.