Reported 13 days ago
U.S. Commerce Secretary Howard Lutnick announced that smartphones and computers recently exempted from tariffs on Chinese imports will face new duties alongside semiconductors within the next two months. This development adds to President Trump's evolving tariff strategy, which has caused market volatility and uncertainty. Despite temporary relief for tech firms like Apple, the anticipated tariffs underscore a push to bring production back to the U.S. while escalating trade tensions with China.
Source: YAHOO