US Commerce Secretary Howard Lutnick has warned that the tech industry may not be exempt from new tariffs, despite consumer electronics such as laptops and smartphones being spared. Earlier this month, the Trump administration announced a 10% tariff on Chinese goods, but Lutnick has made it clear that targeted tariffs will still apply to certain products.
Semiconductors, in particular, are under scrutiny, with Lutnick stating that they will be subject to special tariffs aimed at encouraging American manufacturing. The Secretary emphasized the need for semiconductors and other key components to be “made in America” to support national security interests.
However, President Trump has disputed this, claiming that there was no exemption announced on Friday and that these products are simply moving to a different tariff category. He also stated that the administration is conducting ongoing National Security Tariff Investigations into the electronics supply chain.
Despite Lutnick’s assurances, concerns remain about higher prices for American consumers as tariffs take effect. The situation highlights the complexities of trade policy and the potential impact on various industries.
Source: https://techcrunch.com/2025/04/13/tech-tariff-exemptions-are-only-temporary-according-to-trumps-commerce-secretary