Tariffs on import semiconducting chips coming soon, Trump says star-news.press/wp

Washington – President Donald Trump on Sunday said he would announce the tariff rate in imported semiconductors in the coming week, adding to be flexibility with some companies in the sector.

The President’s Pledge means that the exclusion of smartphones and computers from its reciprocal tariffs on China is likely to be as short-term as Trump appears to be reset the trade in the semiconductor sector.

“We wanted to not be able to reconsider the many other companies, because we want to our chips and semi-educators and other things in our country,” Trump told reporters at the Washington from his property at West Palm Beach, Florida.

Trump refused to say if some products like smartphones can still be exceptional, but added: “You must show a certain flexibility. No one should be so rigid.”

Earlier in the day, Trump announced the probe for trade in national security in the semiconductor sector.

“See the semiconductors and the entire electronics supply chain in the upcoming research of national security,” he published on social media.

White house announced exclusive reciprocal tariffs on Friday, creating hope that the technical industry could escape in escalating conflicts between two nations and that everyday consumer products such as phone and laptops remain accessible.

However, Trump Secretary for Trade, Howard Lutnick, earlier on Sunday, clearly showed that critical technological products from China face separate new duties together with semiconductors in the next two months.

Trump back on the tariffs last week launched the wildest swings on Wall Street from Kova’s pandemic from 2020. years. Benchmark Standard & Lood 500 Index is obliged to more than 10% since Trump brought the office 20. January.

Lutnick said Trump would bring “a special type of focus” on smartphones, computers and other electronic products for a month or two, in addition to sectoral tariffs targeting semiconducters and pharmaceuticals. The new duties would fall outside Trump’s so-called reciprocal tariffs, under which the Chinese imports climbed to 125% last week, he said.

“He says they are exempt from reciprocal tariffs, but are involved in semiconductor tariffs, which come in a probably month or two,” Lutnick said on Sunday, forecasting to make the production of these products into the United States.

Beijing increased its tariffs to the US importing to 125% on Friday as a response. On Sunday, before Lutnick’s comments, China said that it assesses the impact of exclusion for technological products that are carried out late Friday.

“The bell on the neck of the tigar can be unrelated only a person who tied up,” said the Chinese Ministry of Trade.

Billosirereire Investor Bill Ackman, who supported Trump Punishment for the president, but who criticized the tariffs, on Sunday to pause wide and steep reciprocal tariffs, because Trump did for most countries last week.

If Trump paused Chinese tariffs for 90 days and temporarily reduced them to 10%, “he would achieve the same goal in causing American companies to move their supply chains without disorder,” Ackman wrote to X.

Sven Henrich, the founder and leading market strategist for Northmantrader, was sharply critical of the way the tariff issues were carried on Sunday.

“The greatest check: the biggest rally of the year shot,” Henrich wrote on X. “I suggest that the administration give a message that changes the message every day. The American job cannot plan or invest with constant back and forward.”

The American Senator Elizabeth Warren, Democrat, criticized the latest Audit of the Trump Tariff Plan, who warned economists could reduce economic growth and fuel inflation.

“There is no tariff policy – only chaos and corruption,” Warren said in a television interview on Sunday, speaking in front of the latest Polish on social media.

Late on Friday, the US Agency for Customs and Border Protection has published a list of tariff codes excluded from import taxes. 20 product categories, including computers, laptops, disks, semiconductor devices, memory chips and plates are highlighted.

In an interview at NBC news “, introduce the Advisor’s advice to the White House Peter Navarro that he negotiated in China, but he did not admonate him to a list of seven entities, India and Israel – with whom he said the administration was in conversations.

The Trade Representative Jamieson Greer said in television that Trump had not yet been plans to talk to the Chinese President XI, which caves in China’s commercial friction by answering impurities. But he expressed hope for some non-Chinese offers.

“My goal is to make a meaningful bids 90 days ago, and I think we will be there with several countries in the next few weeks,” Greer said.

Ray Dalio, the Fountain Founder of the world’s largest protection fund, said “Meet the Press” that he was worried about the United States that slide in the recession, or worse, as a result of the tariff.

“We are currently on making decisions and very close to the recession,” he said Dalio Sunday. “And I worry about something worse than a recession if it doesn’t work well.”