The US Secretary of Commerce: The "tariff exemption" for electronic products is temporary, and tariffs on the Semiconductors Industry are about to arrive.

On Friday night, the US Customs and Border Protection announced the exclusion of a series of products from the previously announced "reciprocal tariffs," which included Communication Equipment (Smart Phone), Computer, Semiconductor equipment, Integrated Circuits, and more. The market finally got a reassuring news. But by last Sunday, US Secretary of Commerce Howard Lutnick hurriedly clarified: The Trump administration's exemption from comprehensive "reciprocal" tariffs on Smart Phones, Computers, and other electronic products is only a temporary measure, and these devices will be subject to forthcoming industry-based tariffs. "This is not a permanent exemption. (Trump) is just clarifying that these are not things that can be resolved through negotiations among countries. These are all related to National Security, and we need to manufacture them in the USA," he said on a program.