US Commerce Secretary Howard Lutnick announced that the current exemption on tariffs for smartphones and laptops will last only a month or two, despite being temporarily lifted. This move comes as part of President Trump's strategy to encourage tech manufacturing within the United States. The exemption allows consumers to purchase these products without immediate price increases, but future tariffs will target the semiconductor industry and possibly include popular devices like iPhones. Tariffs on imports aim to incentivize American production and have sparked retaliatory actions from other countries.