- New taxes on smartphones, computers, electronics on cards.
- The trade war has given rise to most unstable markets in five years.
- Senator Warren criticized Trump’s tariff policy as chaos.
US President Donald Trump said on Sunday that he would announce a tariff rate on imported semiconductors next week, adding that there would be resilience with some companies in the sector.
The president’s commitment means that China will be less likely to exclude smartphones and computers at their mutual rates as Trump is seeking to reset trade in the semiconductor sector.
“We wanted to make it uncomfortable with many other companies, because we want to make our country’s chips and semiconductor and other things in our country,” Trump told reporters in the Air Force traveling from Washington to West Palm Beach.
Trump declined to say that some products like smartphones could still be exempt, but he added: “You have to show a particular flexibility. No one should be so strict.”
Earlier, Trump announced a national security investigation into the semiconductor sector.
He posted on social media, “We are taking a look at the semiconductor and the entire electronics supply chain in the upcoming national security tariff investigation.”
The White House on Friday announced the removal of mutual rates, which raises some hope that the tech industry could avoid getting into the growing dispute between the two countries and that everyday consumer products such as phones and laptops would be cheaper.
However, earlier, Trump’s Commerce Secretary, Howard Lotnik, made it clear on Sunday that key technology products from China would face separate duties with semiconductors within the next two months.
Last week, Trump has been mobilized on Wall Street on Wall Street behind Trump since the 2020 alleged outbreak. Benchmark Standard & Poor’s 500 index, the new tab is less than 10 % after Trump took office on January 20.
Lutink said that Trump will impose “a special focus type tariff” on smartphones, computers and other electronics products in a month or two, targeting semiconductors and pharmaceuticals. He said the new duties would come out of Trump’s so -called mutual rates, under which the import of Chinese imports last week increased by 125 %.
“They are saying that they are exempt from mutual rates, but they are included in the semiconductor tariff, which is probably coming in a month or two,” Lotnik said in an ABC “this week” interview, “predicting that these products will bring production to the United States.
In response, Beijing raised its own rates by 125 % on US imports on Friday. On Sunday, before Lutnik’s comments, China said it was examining the impact of the costs of technology products implemented at the end of Friday.
The Chinese Ministry of Commerce said, “The bell on the tiger’s neck cannot happen only by the person who tied it.”
Billionaire investor Bill Akman, who supported the run for Trump’s president, but criticized tariffs, demanded that he stop the wide and standing mutual prices on China for three months, as Trump did for most countries last week.
Akman wrote on X, “If Trump stopped sugar prices for 90 days and temporarily cut them up to 10 percent,” he would achieve the same goal from which the US business would transfer to China without obstructing and threatening its supply chain. “
‘Every day changes’
North Mantrader’s founder and lead market strategist Swan Henrich was strongly criticized for how the tariff was handling on Sunday.
Henrich wrote on X, “Checking emotions: The biggest rally of the year will be the day the day Lotnik is fired.”
US Senator Elizabeth Warren, a Democrat, criticized the latest revision on Trump’s tariff plan, which economists have warned that economic growth and fuel inflation may be suffering.
“There is no tariff policy here – just chaos and corruption,” Warren said about ABC’s “this week”, “while talking to Trump’s latest post on social media.
On Friday, the late Shippers opens a new tab in a notice, the US Customs and Border Protection Agency published a list of tariff codes emitted from import tax. This includes 20 product categories, including computers, laptops, disc drives, semiconductor devices, memory chips and flat panel display.
In an interview on NBC’s “Met the Press”, White House commercial adviser Peter Navaro said the United States had opened an invitation for China to talk, but he criticized China’s deadly fantasy supply chain and did not include it in the list of seven entities – India, India, India, India, India, India, India, India.
Trade Representative Jameson Greer said on the CBS’s “face The Nation” that Trump had no plans for Trump with Chinese President Xi Jinping, which accused China of responding to his own prices and would produce a commercial friction. But he expressed hopes for some non -Chinese deals.
“My goal is to get meaningful deals before 90 days, and I think we are going there with several countries in the next few weeks,” Greer said.
Ray Dalio, the world’s largest hedge fund, told the NBC’s “Met the Press” that he was worried, or even worse, as a result of revenue, or even worse.
“We are still at a decision -making place and are very close to the recession,” Delio said on Sunday. “And I’m worried about anything worse than recession, if it is not handled well.”
