US Commerce Secretary says exempted electronic products to come under separate tariffs

US Commerce Secretary says exempted electronic products to come under separate tariffs

US Commerce Secretary Howard Lutnick said on Sunday, April 13, in an interview with ABC's "This Week" that smartphones, computers and some other electronics will come under separate tariffs, along with semiconductors that may be imposed in a month or so.

US President Donald Trump's administration late on Friday, April 11, granted exclusions from steep tariffs on such products, imported largely from China, providing a big break to tech firms like Apple that rely on imported products.

The U.S. Customs and Border Protection agency notice of tariff codes on Friday excluded from the import taxes featured 20 product categories, including the broad 8471 code for all computers, laptops, disc drives and automatic data processing. It also included semiconductor devices, equipment, memory chips and flat panel displays.

CORE NEWS, REUTERS BUSINESS VIDEO, REUTERS MARKETPLACE - RAW VIDEO / REUTERS VIDEO

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