The Trump administration's temporary tariff exemption for consumer electronics such as smartphones and computers is expected to expire soon, according to U.S. Commerce Secretary Howard Lutnick.
Speaking on ABC's This Week today, Lutnick explained that smartphones, laptops and other key consumer electronics were temporarily exempted from high import tariffs earlier this month, but that the exemption would never become permanent.
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The Trump administration's temporary tariff exemption for consumer electronics such as smartphones and computers is expected to expire soon, according to U.S. Commerce Secretary Howard Lutnick.
Speaking on ABC's This Week today, Lutnick explained that smartphones, laptops and other key consumer electronics were temporarily exempted from high import tariffs earlier this month, but that the exemption would never become permanent.