President Donald Trump confirmed Sunday that consumer electronics will still face tariffs, saying that nobody is off the hook, according to Bloomberg. Trump said the exempted electronics are simply being reassigned to a different tariff category, with plans to review semiconductors and the entire electronics supply chain for future levies. Commerce Secretary Howard Lutnick said the products would move under a new tariff focused on reshoring tech production, likely with a lower rate than 125% but potentially higher than 10%.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump confirmed Sunday that consumer electronics will still face tariffs,
00:06saying that nobody is off the hook, according to Bloomberg.
00:09Trump said the exempted electronics are simply being reassigned to a different territory category
00:14with plans to review semiconductors and the entire electronic supply chain for future levies.
00:20Commerce Secretary Howard Blotnick said the products would move under a new tariff focus
00:24on reshoring tech production, likely with a lower rate than 125 percent,
00:28potentially higher than 10 percent.
00:31For all things money, visit Benzinga.com slash GSTV.