AMD U.S. Commerce Secretary Howard Lutnick announced that the Trump administration's recent tariff exemptions for electronics such as smartphones and computers are temporary. Tariffs on semiconductors and other electronics are anticipated to begin within a month, with pharmaceutical tariffs likely to be implemented in one to two months.
SPX I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately, Trump posted on his Truth Social. Trump, in the same post, said he was raising the tariff on China higher again to 125%.
Treasury Secretary Scott Bessent later clarified that all countries except China would go back to the 10% baseline tariff rate as negotiations take place. The pause would not apply to sector tariffs, Bessent said. TSLANVDABTCUSDAMZN