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U.S. Commerce Secretary Howard Lutnick said on Sunday 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.
U.S. President Donald Trump's administration late on Friday 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.
. Cause you're hot, then you're cold You're yes, then you're no You're in, then you're out You're up, then you're down You're wrong when it's right It's black, and it's white We fight, we break up We kiss, we make up
The current 20% is already too much. I think this will unravel pretty quickly when the first US companies are forced to close down.
There's an interesting article here, that shows what small businesses are dealing with:
Mr. Woldenberg said he paid about $2.3 million in tariffs and duties in 2024. This year, he would end up paying more than $100 million if sales somehow kept up with his projections from before the trade war. That’s more than he could pay if he cut every expense in the company other than base payroll.
The current 20% is already too much. I think this will unravel pretty quickly when the first US companies are forced to close down.
There's an interesting article here, that shows what small businesses are dealing with:
Friday: Tarrif exemption announced by X(?)
Saturday: Tariff exemption called temporary for 90 day evaluation by admin rep
Saturday: Tariff exemption pause called fake news by trump
Sunday: Tariff exemption called fake news by trump, says there will be no exemptions for tech
Expect to see a tech stock pump and dump this week
Cause you're hot, then you're cold 