U.S. Commerce Secretary Howard Lutnick indicated that while consumer electronics like laptops and smartphones are temporarily exempt from new tariffs, targeted tariffs on semiconductors are anticipated soon. Lutnick highlighted the need for these products to be manufactured domestically to secure supply chains. He stated that all semiconductor-related products will face special attention in the upcoming tariff policies. Despite concerns about rising consumer prices, he expressed confidence in the potential for American manufacturing to absorb these changes without escalating costs for consumers.
"All those products are going to come under semiconductors, and they're going to have a special focus type of tariff to make sure that those products get reshored."
"I don't think so," and again emphasized, "I think the idea is that we can manufacture in America."
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