Temporary Tariff Relief: Tech Faces New Semiconductor Tariffs

Commerce Secretary Howard Lutnick clarified that Friday night's exemption of electronics from recent tariffs is temporary. These items will face new "semiconductor tariffs" in a month or two, aimed at reshoring semiconductor and chip production and reducing reliance on Southeast Asia. Lutnick stressed this isn't a permanent exemption but a national security measure to ensure key technologies are made in America. He expressed optimism about trade negotiations with China and addressed VP Vance's controversial remarks about the Chinese people. He believes the tariffs will ultimately boost US manufacturing and not lead to higher prices.