The Trump administration announced plans to explore new tariffs on critical computer chips, even after recently exempting various electronics, including smartphones, from steep import taxes on Chinese goods. Amidst ongoing scrutiny of trade strategies, senior advisers emphasized that the proposed exemptions shouldn't be seen as permanent. This would mean a proactive approach to implementing tariffs on semiconductors and potentially pharmaceuticals, indicating a continued focus on reshaping U.S.-China trade relations amid rising tensions.
Peter Navarro, a senior White House adviser on trade, insisted that the exemptions for high-tech imports were not exclusions at all, emphasizing the potential for new tariffs on essential computer chips.
Commerce Secretary Howard Lutnick hinted that new tariffs could target semiconductors and pharmaceuticals. This means the administration is serious about pursuing trade measures impacting critical tech and healthcare products.
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