U.S. Commerce Secretary Howard Lutnick confirmed that the recent exemptions on tariffs for consumer electronics like laptops and smartphones are temporary. While the Trump administration has delayed many tariffs, a 10% baseline remains, alongside a new 125% tariff on Chinese goods. Lutnick indicated that targeted tariffs on semiconductors are forthcoming, with a focus on reshoring production. He reassured that these tariffs should not lead to higher consumer prices but emphasized the need for domestic semiconductor manufacturing. Trump is expected to provide further details on this issue soon.