Trade Secretary Lutnick said the exception of tariffs for electronics was only temporary

Trade Secretary Howard Lutnick said on Sunday that the government’s decision on Friday night to free various electronic devices from the tariff applied earlier this month is only a temporary sentence, with the secretary announced that the goods will be subject to a “semiconductor tariff” that is likely to come “one or two months.”

“All of these products will be below the semiconductor, and they will have a special focus rate type to ensure that these products are justified. We need to have a semiconductor, we need to have chips, and we need to have a flat panel-we need to make this tap.”

He continued, “So what [President Donald Trump’s] Doing so is that he said they were released from reciprocal rates, but they were included in the semiconductor rates, which might come in one or two months. So this will be present soon. “

Administrative clarification emerged after the US Customs Bulletin and Border Protection posted on Friday night outlining the main electronics of the main-mobile, computers, solar cells, flat tv panel displays and semiconductor-based storage devices, including being excluded from the rates announced on April 2. That means that these products will not be charged donuts in global.

Lutnick said on “this week” that the White House will implement a “tariff model to encourage the” semiconductor industry, and the pharmaceutical industry, to move its business to the United States.

“We cannot be bound and rely on foreign countries for the basic things we need,” he said. “So this is not like permanent liberation. He only clarifies that this is not available to be negotiated by countries. These are things that are national security that we need to make in America.”

The following is more highlighted from Lutnick’s interview

About the status of tariff negotiations with China

Lutnick: I think we have soft – eh, as I will say, is “soft appetizers,” you know, through intermediaries and such comments. But we all hope that the President of the United States and President Xi from China will complete it. I am really confident [Trump]That this will be done in a positive, wise and effective way for the United States. I mean, Donald Trump has a ball. I want him to have it. He’s the right person with it. He knows how to play this game. He knew how to handle President XI. This is the right person for the right role, and I am sure this will succeed with China. Yes, is it in a difficult place now, of course, but that will – you will see. All energy will decrease and will end in a very reasonable place with China. I’m sure of that.

At VP JD Vance calls Chinese as ‘farmers’

In the Fox News interview earlier this month, Vance said, “We borrowed money from Chinese farmers to buy goods produced by Chinese farmers.”

Karl: Does the Vice President go to order there? … I mean, I have never heard Donald Trump talk like that about the Chinese.

Lutnick: I will only retreat and really leave the Vice President to let him defend himself. He knows what he means, and we all know what he means, that is, you know, the Chinese basically have attacked America and tearing us, by underestimating our business. The Chinese government helps their business to weaken our business, expel them from business and bring manufacturing to China. That happens in pharmacy. It happened in many industries. … Imagine if the American government, United States, is supporting your business? I mean, you will be a killer in the world. So that’s what Chinese do. And finally, Donald Trump stood for it.

About Trump said there would be a ‘transition problem and transition problem’ at a tariff

Karl: This will mean a higher price, right?

Lutnick: I don’t need to think so. I think the idea is that we can produce here in America. As I said, there is, I see Panasonic, you know, a battery company, right, Japanese company. They built an extraordinary factory in the Kansas, which they opened now. … that’s what will return to America. You will see that production, that, such high technology factors will produce goods here at a very reasonable price. So I think this will work. “

About the constitutionality of Trump imposing a tariff

Karl: Constitution – Article I, Part 8 – makes it very clear that the Congress will have the power to put and collect taxes, duties, impoders, and excise … The President has quoted the 1977 Emergency Law which did not mention tariffs. So how much you care and are you ready to maintain this in court?

Lutnick: The President knows the law. The President’s general advice knows the law. They understand this that the congress has passed the law that gives the President’s ability to protect our national security. We need to make medicine in America. If you don’t think it is national security, you don’t think about it. We need to make semiconductors in America. We need steel and aluminum in America. We need to produce in America. If we only carry out a giant trade deficit and sell our souls throughout the world, in the end, we will become workers for the whole world. We will be a thinker for the whole world they will make, and if one day they say, “Wow, we don’t send it to you,” we will be anything. So I think the President has national security in mind, and he is here to protect America.