Trump tariffs live updates: Semiconductor tariffs coming soon, Trump says

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Trump tariffs live updates: Semiconductor tariffs coming soon, Trump says
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The White House said an apparent exemption on electronics will be temporary.

President Donald Trump speaks to reporters during the flight from Palm Beach to Miami aboard Air Force One, April 12, 2025. President Donald Trump on Sunday said there will be no exceptions for tariffs on electronics and that he would clarify his administration's policy on Monday.

U.S. Customs and Border Protection announced late Friday that some smartphones, computers, chips and other electronics would be exempted from tariffs, but Trump's top economic advisers hit the Sunday talk shows to explain the policy, saying that tariffs against electronics would be coming in the next month or two. "There was no Tariff 'exemption' announced on Friday," Trump posted Sunday afternoon, and that semiconductor tariffs will "just be moving to a different Tariff 'bucket.'"Trump says semiconductor tariffs coming 'in the not-distant future' President Donald Trump, aboard Air Force One on Sunday night en route back to Washington, D.C., after a weekend in Florida, said there "shouldn't be ambiguity" amid his administration's repeated about-faces on tariffs. He said semiconductor tariffs “will be in place in the not distant future” and that he would announce at what rate “over the next week.” President Donald Trump speaks to reporters during the flight from Palm Beach to Miami aboard Air Force One, April 12, 2025.The president said on Saturday he would announce specifics on Monday. Trump, when asked if he would declare tariffs on iPhones and tablets, said, "That’s going to be announced very soon" but that the administration is going to with companies about it because “you have to show a certain flexibility.”China says the Trump administration’s exemptions for smartphones, laptops and other electronics is a “small step” in correcting a “wrong practice,” urging the U.S. to completely cancel Trump’s reciprocal tariffs. "We urge the US … to take a big step to correct its mistakes, completely cancel the wrong practice of 'reciprocal tariffs' and return to the right path of mutual respect," China's Commerce Ministry said in aPresident Donald Trump speaks to reporters during the flight from Palm Beach to Miami aboard Air Force One, April 12, 2025.today: “The rift is healing. China ‘asks’ for relief from the tariffs creating an opening for a 90-day China tariff pause and negotiations.” Ackman had earlier in the week urged Trump to pause those reciprocal tariffs shortly before the president announced the pause, warning that businesses would go bankrupt. But on Sunday afternoon, Trump posted on Truth Social that tariffs on these products are “just moving to a different Tariff ‘bucket.’” “NOBODY is getting ‘off the hook’ for the unfair Trade Balances,” the president added. “Especially not China, which, by far, treats us the worst!”Trump on Sunday said, “There was no Tariff ‘exemption’ announced on Friday" and that semiconductor tariffs will “just be moving to a different Tariff ‘bucket.’” “NOBODY is getting ‘off the hook’ for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst!” Trump posted on his Truth Social platform. Trump’s top economic and trade aides made the same argument on Sunday talk shows: that smartphones, computers and other electronics were removed from the sweeping reciprocal tariffs the president announced on April 2 and will be part of a separate national security classification under Section 232 of the Trade Expansion Act of 1962 Trump is to announce, they said. President Donald Trump speaks to reporters during the flight from Palm Beach to Miami aboard Air Force One, April 12, 2025.“We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations,” Trump wrote.posted by U.S. Customs and Border Protection late Friday night said the administration was exempting smartphones, computers, and other electronics from his reciprocal tariffs.“I'll give you that answer on Monday. We’ll be very specific on Monday,” Trump said. “We're taking in a lot of money. As a country, we’re taking in a lot of money.”After the Trump administration announced tariff exemptions on key technology products, the White House is touting the investments that global tech companies have committed to making in the United States. "President Trump has made it clear America cannot rely on China to manufacture critical technologies such as semiconductors, chips, smartphones, and laptops," White House press secretary Karoline Leavitt said in a statement to ABC News."At the direction of the President, these companies are hustling to onshore their manufacturing in the United States as soon as possible," she claimed, without providing more details. A White House official told ABC News that the president has said autos, steel, pharmaceuticals, chips and other specific materials will be included in specific tariffs.Brendan Smialowski/AFP via Getty Images Other tariffs also still apply to smartphones, laptops and other electronics announced in the exemption, as they only exempt those products from Trump's most recent tariffs. The administration had earlier imposed 20% fentanyl-related tariffs in February.

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