US Commerce Secretary Howard Lutnick says consumer electronics exempt from tariffs may be included in semiconductor tariffs likely coming in “a month or two”
www.ft.com/content/9038... @drdoofenschmirtz : Only 45 more months of this uncertainty, assuming we have elections in 2026 &. 2028. — Good job Wall Street!!! You got your guy Glenn Wright / @godlessatheist : I think they have a name for the kind of market this bullshit is helping to establish as the new American go-to for consumption. It's called the black market. Truth Social: Donald J. Trump / @realDonaldTrump@truthsocial.com : 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! There was no Tariff “exception” announced on Friday. These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff “bucket.” The Fake News knows this, but refuses to report it. We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations. What has been exposed is that we need to make products in the United States, and that we will not be held hostage by other Countries, especially hostile trading Nations like China, which will do everything within its power to disrespect the American People. We also cannot let them continue to abuse us on Trade, like they have for decades, THOSE DAYS ARE OVER! … Mastodon: Jason Lefkowitz / @jalefkowit@vmst.io : It's like these clowns are physically allergic to providing certainty. Like things not actively being on fire makes their skin break out — https://www.ft.com/... #USPol — [image] Threads: Dare Obasanjo / @carnage4life : How is it possible that every new statement by a US government official about tariffs contradicts the last statement by a US government official about tariffs? X: Parker / @pt : They are not so much playing 10D chess as they are throwing chess pieces at other nations the way chimpanzees throw their feces at rivals to assert dominance. [image] Dan Ives / @divestech : Tariff and market thoughts post Lutnick interview/comments this am. Worst case scenario taken off the table for Big Tech and tech stocks should be strong in our view ...BUT more semi/tech tariffs and uncertainty abound in very confusing back and forth narrative 👇 [image] @buccocapital : Tim Apple watching his smartphone tariff carve-out get rolled back after 36 hours [image] @jason : This level of unpredictability will lead to massive layoffs then a recession In the next 30 days we will see folks like target, Walmart, big tech, little tech, Nike, lululemon, restoration hardware, etc cut 10-15% of their employees — unless this administration wraps this up [image] Brian Schatz / @brianschatz : WE HAVE MADE AN EXCEPTION FOR CHINA BUT THEY ARE STILL INCLUDED. ALL TARIFFS ARE PERMANENT AND ALSO TEMPORARY. OUR PLAN IS TO RESHORE IPHONES AND ALSO TO EXEMPT THEM AHHHHHHHHH EVERYTHING IS GOING GREAT PLS JUST CHILL Joe Weisenthal / @thestalwart : President Trump literally backed him up a few hours later, about how there would still be semiconductor tariffs. He wasn't speaking out of school at all. @highyieldharry : Idk why people think things would magically get better if Lutnick was fired. He's going on air with the talking points he's being told to say! Peter Harrell / @petereharrell : This pretty much confirms that consumer electronics will be part of the forthcoming “semiconductor” Section 232.... Justin Wolfers / @justinwolfers : I just want to tip my hat to the crack team of White House economists who were able to discover—in just a few short days—that the U.S. is dependent on China for smartphones, computers and semiconductors. @trump_repost : ...There was no Tariff “exception” announced on Friday. These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff “bucket.” The Fake News knows this, but refuses to report it. We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations. Charles Arthur / @charlesarthur : This is the financial version of Whiplash Tero Kuittinen / @teroterotero : Chuck is desperately trying to row back the new semiconductor tariff bombshell... but Lutnick said what he said very clearly, on live TV, to inetrnational audience. Attempting to negate it via frantic tweeting about unnamed sources is a dubious endeavor. Charles Gasparino / @cgasparino : Scoop: There is significant division inside the @WhiteHouse over @howardlutnick 's comments on the temporary nature of the tariff exemptions, an apparent 180 from where the world thought the trade negotiations were going, sources tell me. Of course the only opinion that really matters in the president's but I am told plenty of people really believe he is “off message” of trying to create a trade regime that involves negotiations even with China and actions that don't roil the markets including the all important bond market. This story is developing Aaron Levie / @levie : We will need AGI to be invented just to figure out what products are actually tariffed Dan Primack / @danprimack : The problem is that Lutnick, Bessent, Navarro and Hassett keep getting interviewed individually. Put em all in the same room at same time, so they can arrive at a single conclusion. Aaron Rupar / @atrupar : KARL: So you're saying that the big tariffs on things like smartphones and laptops, all those iPhones built in China, that those tariffs are temporarily off but they're gonna be coming right back on in another form in a month or so? LUTNICK: Correct. That's right. Semiconductors and pharmaceuticals will have a tariff model in order to encourage them to reshore. @zerohedge : Howard Lutnick tells ABC that tariff exemptions for electronics are only temporary, and these items would be subject to “semiconductor tariffs” that will likely come in “a month or two”: ABC Nick Denton / @nicknotned : I get that Trump likes his ministers to fight it out, before picking his position of the day. Free speech and all that. But I think the idea is vigorous debate — in PRIVATE — and then public unanimity. You know, China style! Dan Primack / @danprimack : Trump econ advisors on the Sunday shows [image] Forums: Hacker News : US tech tariff exemption may only be temporary, says Lutnick r/Economics : Trump warns exemptions on smartphones, electronics will be short-lived, promises future tariffs r/inthenews : Commerce Secretary Lutnick says tariff exemptions for electronics are only temporary r/centrist : Commerce Secretary Lutnick says tariff exemptions for electronics are only temporary r/moderatepolitics : Commerce Secretary Lutnick says tariff exemptions for electronics are only temporary r/politics : Commerce Secretary Lutnick says tariff exemptions for electronics are only temporary r/Economics : Commerce Secretary Lutnick says tariff exemptions for electronics are only temporary r/neoliberal : Commerce Secretary Lutnick says tariff exemptions for electronics are only temporary r/baba : Commerce Secretary Lutnick says tariff exemptions for electronics are only temporary r/wallstreetbets_wins : Trump says he will provide more info on chips tariffs on Monday r/technology : Trump says he will provide more info on chips tariffs on Monday r/China : Trump says he will provide more info on chips tariffs on Monday r/wallstreetbets : [Reuters] Trump says he will provide more info on chips tariffs on Monday r/WallStreetbetsELITE : Trump says he will provide more info on chips tariffs on Monday