President Donald Trump said on Sunday that he would reveal the tariff rate on imported semiconductors in the coming week, suggesting that excluding smartphones and computers from reciprocal tariffs in China might be temporary.
What Happened: Trump, speaking aboard Air Force One, emphasized the desire to manufacture semiconductors domestically, according to a report by Reuters.
He mentioned the need for flexibility in tariff application, without confirming if certain products like smartphones would remain exempt.
Earlier, Trump initiated a national security trade investigation into the semiconductor industry. His commerce secretary, Howard Lutnick, indicated that critical technology products from China …