President â Trump resolved the debate on iPhone tariffs and other Chinese-made equipment-saying there is no “exception” and that new tasks are coming.
“No one is lifting the” blow “,” Trump said in social truth on Sunday. ”There was no ‘exception’ fee announced on Friday. These products are subject to existing Fentanile tariffs 20%, and they are simply switching to a different bucket of tariffs.
“We are taking a look at the semiconductors and the entire electronic supply chain in future national security tariff investigations.”
Late on Friday, the Trump team introduced a rule that excluded a host of electronic equipment from the president’s expected fee.
The ruling seemed to give a return to Apple and other consumer electronics manufacturers, who were facing tariffs up to 145% under Trump’s new rules.
More than 80% of Apple products are collected in China, according to data from Evercore ISI. Apple General Director Tim Cook has judged close relationships with Trump amid the push of tariffs.
Even before Trump raised Ante in China, experts were suggesting that the highest iPhone models could rise to $ 2,300 under the tariff mode.
Prior to Trump’s clarification on Sunday, Trade Secretary Howard Lutnick publicly explained that the electronics imported from China will soon face their unique tariff.
â € Pre what he is doing is saying they are exempt from reciprocal tariffs, but they are included in the semiconductor fees, which may come a month or two. So these will come soon, “Lutnick told ABC newsâ” € “this week” on Sunday.
“All those products will come under the semiconductors, and they will have a special type of fee to make sure those products are reset.”
Last Wednesday, after the Trump suit of personalized personalized tariffs decided to enter into force, the president suddenly overturned the course and announced a 90-day pause while his team negotiates new deals with different countries. Trump noted that people were making a bit strange, a little scared – while the financial markets credited in the midst of fears.
Trump held a 10% initial tariff on almost all imports in force and announced a 125% fee against goods and services coming from China. White House officials explained that China will still face a 20% fee announced earlier this year due to Fentanil’s concerns, which brings the total rate to most Chinese imports to 145%.
China is America’s third largest trade partner.
“What has been exposed is that we have to make products in the United States, and that we will not be held hostage by other countries, especially hostile trade countries like China, which will do everything within its power to disrespect the American people,” Trump added.
Right now, China’s electronic products are still facing other tariffs, such as the 20% rate that Trump imposed earlier this year between its complaints against China’s role in the Fentanil crisis.
“We have to have semiconductors, we have to have chips, and we have to have flat panels – we have to have these things done in America. We cannot be reliable in Southeast Asia for all things that work for us, Lutnick added.
Lutnick explained that the Trump administration is seeking to add tariff stimuli to the pharmaceutical industry to restore its production to the US
“We cannot be first and rely on foreign countries for basic things we need,” Lutnick argued. â € œSO This is not like a kind of permanent exception. He simply explains that these are not available to be negotiated by the countries. These are things that are the national security we need to become in America.â €
Before Trump stopped personalized tariff rates last Wednesday, his senior lieutenants had been publicly convinced that the president had no intention of including any exceptions and that his protectionist change was not a negotiating trick.
Senior Advisor to Trade and Production Peter Navarro again on Sunday insisted that Trump’s polychs are not exceptions, no exceptions, despite returning to electronics.
“The problem, interesting for chips, because this is very complex items, is that we haven’t bought a lot of chips, like in bags. We buy them in products. So what the secretary of trade howard Lutnick is doing while talking is a chip supply chain investigation,” Navarro told nbcâ â €.
It is not clear what norm the Trump administration is watching for its planned semiconductor fee.
Former President Joe Biden tried to re-dwarf semiconductor production through the act of chips and Bipartisan sciences of 2022, which presented subsidies for chip companies. Trump has been critical of the chip act and argued that tariffs are a more effective tool to restore the production of semiconductors in the US
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