The US Commerce Secretary has warned that the tech industry may not be safe from new tariffs. This comes after the Trump administration announced earlier this month that certain consumer electronics, including laptops and smartphones, would be exempt from the tariffs.However, it's worth noting that some tariffs remain in place, including a 10% duty on other items. The decision to delay or implement these tariffs can have significant consequences for manufacturers and consumers. For instance, increased costs could be passed down to consumers, potentially affecting their purchasing power.The impact of this exemption will vary across different industries and countries. It's essential to monitor the situation closely to understand the potential implications and how they may affect global trade and markets.
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The tech industry may not be safe from new tariffs, according to U.S. Commerce Secretary Howard Lutnick. The Trump administration announced Friday evening that consumer electronics such as laptops and smartphones would be exempt from the tariffs it unveiled earlier this month. (While Trump delayed many of those tariffs this week, he left a 10% […]
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