Brief by Shorts91NewsDesk / 08:18pm on 13 Apr 2025,Sunday Business
U.S. Commerce Secretary Howard Lutnick announced that smartphones, computers, and certain electronics recently exempted from steep tariffs on Chinese imports will soon face new duties, alongside semiconductors and pharmaceuticals, within the next two months. This marks a further development in President Donald Trump's aggressive tariff strategy, which continues to unsettle global markets and U.S. businesses due to ongoing policy shifts. Although the Trump administration temporarily excluded some tech products from the 125% reciprocal tariffs, Lutnick clarified they would still be affected by upcoming sector-specific tariffs. The announcement comes after China retaliated by raising its tariffs on U.S. imports and amid growing criticism from business leaders and politicians.(PC: Wikipedia)
