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Lutnick on Trump’s Tech Exemptions: They Will Be Included in the Semiconductor Tariffs To Be Released in Coming Months

‘This is not a permanent sort of exemption’
By Grabien Staff

EXCERPT:

LUTNICK: “Well, remember, those products are going to be part of the semiconductor sectoral tariffs which are coming. So, you’re going to see this week there will be a register in the federal registry. There will be a notice put out. That is different types of work. So, we're going to do that. We did that in autos. The president is going to do it for pharmaceuticals. I think he’s going to do it for semiconductors. So, all those products are going to come under semiconductors, and they're going to have a special focus-type of tariff to make sure that those products get reshored. We need to have semiconductors, we need to have chips, and we need to have flat panels. We need to have these things made in America. We can't be reliant on Southeast Asia for all of the things that operate for us. So, what he's doing is he's saying they're exempt from the reciprocal tariffs but they're included in the semiconductor tariffs, which are coming in probably a month or two. So, these are coming soon.”

 

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