NASHVILLE, Tenn. (AP) — U.S. Commerce Secretary Howard Lutnick says tariff exemptions announced Friday on electronics like smartphones and laptops are only a temporary reprieve until the Trump administration develops a new tariff approach specific to the semiconductor industry, The Trump administration had said late Friday it will exclude electronics like smartphones and laptops from reciprocal tariffs, a move that could help keep the prices down for popular consumer electronics that aren’t usually made in the U.S. It would also benefit big tech companies like Apple and Samsung. Items like smartphones, laptops, machines used to make semiconductors and flat-panel monitors would be exempt, for now.
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