Trump's Tariff Policy Sparks Confusion Again
U.S. President Donald Trump and his top trade officials added to the confusion over the administration's tariff plans on Sunday, including newly announced exemptions for reciprocal tariffs on electronic products like phones, computers, and semiconductors. These exemptions, which removed added tariffs of 145% on many Chinese electronics devices and components, might be partially or completely reversed in the coming weeks. A separate 20% tariff on all Chinese goods remains in effect. The exemptions were revealed by U.S. Customs and Border Protection on Friday and confirmed by the White House on Saturday. However, Trump cast doubt on the duration of the exemptions on Sunday, stating these products are still subject to the 20% Fentanyl Tariffs. Commerce Secretary Howard Lutnick indicated the exemptions are temporary and separate tariffs for electronic products are imminent. Democratic lawmakers criticized the policy changes for causing chaos and a crisis of credibility.