President Donald Trump and White House officials walked back a Friday announcement that there would be tariff exemptions on imported electronics.
In a Truth Social post on Sunday, Trump directly denied the tariff exemption announcement.
Trump also said that the National Security Tariff Investigations will be reviewing “the WHOLE ELECTRONICS SUPPLY CHAIN.”.
“We certainly need to have semiconductors, and the downstream electronics supply chain move to the United States.
On the other hand, Commerce Secretary Howard Lutnick said Trump’s tariff exemption on imported electronics is only temporary.
“President Trump has made it clear America cannot rely on China to manufacture critical technologies such as semiconductors, chips, smartphones, and laptops.
Trump announced a bulk of his so-called “reciprocal tariffs” on April 2, a day which he dubbed “Liberation Day.” »