Life live updates: Both the US and El Salvador refuse to return wrongly deported man to the US. Three minutes ago, President Trump maintained that tariffs will soon hit phones. They will affect computers and major consumer tech products. Investor focus turns to products and companies that garner at least temporary exemptions.
Trump and his top advisers sowed confusion this weekend. It was revealed that the US had excluded smartphones, computers, and other consumer electronics from tariffs. But Trump said in a lengthy Sunday post on social media that there was “no exception” for those products. app News
President Trump maintained that tariffs will soon hit phones, computers, and major consumer tech products. Investor focus turns to products and companies that garner at least temporary exemptions. Trump and his top advisers sowed confusion this weekend. It was revealed that the US had excluded smartphones, computers, and other consumer electronics from tariffs. But Trump said in a lengthy Sunday post on social media that there was “no exception” for those products.
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“We are examining Semiconductors. We are also looking at the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations,” he said. The developments served as the latest in the tit-for-tat between the world’s two largest economies. On Friday, China struck back at Trump’s ballooning tariffs. It raised its duties on imports of US goods to 125% from 84%. The countermeasures came into effect Saturday.
They further intensified a US-China trade war. This trade war has roiled US stocks. US tariffs on Chinese imports have ballooned to 145%. The trade conflict has weighed on investor sentiment. Trump instituted a 90-day pause on steep Liberation Day tariffs. The EU matched a US pause on retaliatory duties. On Monday, Trump also said he was looking into possible exemptions on soon-to-come tariffs on auto parts. He mentioned that car companies need “a little bit of time” to transition to US-made parts.
Trump administration sets stage for chip, drug tariffs with new probes
” Yahoo Finance yahoo Finance sign in. Search for news or look up Bloomsburg. It has initiated Chips and Drug Probes ahead of More Tariffs. aimed to impose tariffs on semiconductor imports.
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It also planned to impose tariffs on pharmaceutical imports. This was done by initiating trade probes led by the Commerce Department. from How Did This Suburb Figure Out Mass Transit?
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