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Trump Denies Tariff 'Exception' for Electronics, Promises New Electronics Tariffs Soon (go.com) 228

Late Friday news broke that U.S. President Trump's new tariffs included exemptions for smartphones, computer monitors, semiconductors, and other electronics. But Sunday morning America's commerce secretary insisted "a special-focus type of tariff" was coming for those products, reports ABC News. President Trump "is saying they're exempt from the reciprocal tariffs," the commerce secretary told an interviewer, "but they're included in the semiconductor tariffs, which are coming in probably a month or two.... This is not like a permanent sort of exemption."

The Wall Street Journal notes that Sunday the president himself posted on social media that "NOBODY is getting 'off the hook' for the unfair Trade Balances, and Non Monetary Tariff Barriers... There was no Tariff 'exception' announced on Friday. These products are subject to the existing 20% Fentanyl Tariffs, and they are just moving to a different Tariff 'bucket.'"

"The administration is expected to take the first step toward enacting the new tariffs as soon as next week," reports the New York Times, "opening an investigation to determine the effects of semiconductor imports on national security."

More from ABC News: Commerce Secretary Howard Lutnick said Sunday that the administration's decision Friday night to exempt a range of electronic devices from tariffs implemented earlier this month was only a temporary reprieve.. Lutnick said on "This Week" that the White House will implement "a tariff model in order to encourage" the semiconductor industry, as well as the pharmaceutical industry, to move its business to the United States. "We can't be beholden and rely upon foreign countries for fundamental things that we need," he said.... "These are things that are national security that we need to be made in America."

Trump Denies Tariff 'Exception' for Electronics, Promises New Electronics Tariffs Soon

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  • We will probably have another 10% lost on Monday, the stock market is making tons on money for someone
  • by rsilvergun ( 571051 ) on Sunday April 13, 2025 @09:46PM (#65303729)
    Is going to cause a great depression. I am so fucking pissed off at the people who voted for this idiot. Especially because none of them have had their come to Jesus moment admit it they were wrong and started trying to make amends. It's just a bunch of those fuckers who say stuff like, he's not hurting the people he needs to be hurting.

    The best part is I know the Trump voters understand they fucked up but they refuse to admit it. Meanwhile the left-wing is busy doing the usual ineffective bullshit and patting themselves on the back because a bunch of people showed up for party protests and the centrists think Trump's going to allow them to have elections in 2 years and they are excited at the prospect of taking back Congress. None of those groups is doing a damn thing about voter suppression and it'll be child's play for the Republican party, who controlled the local voter committees, to prevent enough Democrat voters from casting ballots to win.

    Meanwhile because the economy moves slowly the blow back from this bullshit has only hit a handful of machinists and farmers so Trump is still rocking a 43% approval rating. and when the economy collapses I'm not so sure that's going to move. The people who voted for him have too much emotionally invested and too much of their identity invested. Hell a lot of them gave up their families and friends so they could worship Trump. Once you do that there really is no going back. Too much pride
    • Re: (Score:3, Interesting)

      by blue trane ( 110704 )

      Remember how Reagan caused a recession when he first got in by using inflation as an excuse to crush demand, but got away with it?

      • that was Volcker (Score:2, Insightful)

        by Anonymous Coward

        Who had been appointed by Jimmy Carter several years before.

        That said, as much as I wish Trump wasn't doing this, he has openly said that acting like a deranged lunatic is his preferred tactic to get concessions from other countries. In his first term, he'd send in John Bolton (an actual deranged lunatic who would launch the nukes if given the opportunity) to scare other countries into thinking Trump was serious about whatever Bolton was threatening to do. Yet Trump was not actually planning to do what Bolt

      • Reagan was a piece of shit, but he did inspire people with positive messages. Trump is no Reagan.

      • by karmawarrior ( 311177 ) on Sunday April 13, 2025 @10:35PM (#65303805) Journal

        That was Carter's pick, Volcker. In fact that philosophy, that inflation should be fought no matter what the cost and that high unemployment was acceptable, was considered by most mainstream economists to be perfectly fine, until Biden proved it wasn't necessary (yes, I know prices were higher at the end of Biden's term, but at the end inflation - caused by the COVID crisis - was well under control and at normal levels, eggs excepted. It's ironic he got so much flack for it. Meanwhile throughout the Biden years we had full employment.)

        Anyway, the point I'm making is virtually every president from Carter to Obama considered it perfectly OK to lay off millions if it kept inflation under control. Democratic, Republican, didn't matter. Biden proved it was completely unnecessary. But nobody cares or will ever even remember because the Democrats lost the election anyway. Over the price of eggs. Caused by Bird flu. *sigh*

        • This is an important distinction folks miss. It's not that they fought inflation at all costs it's that they fought it using the zap brannigan method, waves and waves of their own troops.

          Basically high interest rates exist to force consumers to work longer hours for less pay while buying less. It's balancing the books on the backs of the working class.

          Through it all is the understanding that when anything goes wrong we have to take it out on you and me. Instead of you know, actually solving the under
          • by AmiMoJo ( 196126 )

            Part of the problem is that the US lacks the tools to control its economy in other ways. For example you say make more stuff, but because of aversion to socialism and government "interference", the only options left are free money and tax breaks for businesses in the hope that it encourages them to do what society needs them to.

        • Re: (Score:2, Interesting)

          by jvkjvk ( 102057 )

          >Democrats lost the election anyway. Over the price of eggs. Caused by Bird flu. *sigh*

          I think you are being WAY too charitable over what lost the Democrats the election. I won't go into why they might be attracted to an fascist insurrectionist, rapist, conman, failed businessman, racist, misogynist, antisemite and the like, but it generally wasn't over egg prices. Maybe there's a few hints in my list.

    • by zephvark ( 1812804 ) on Sunday April 13, 2025 @10:26PM (#65303789)

      Your comments are certainly interesting but, I'm not sure what country you live in. America doesn't have a "left wing". Trump's babble about "radical liberals" presumably refers to Bernie, who must terrify him in his nightmares, but is about as effectual as Barney the eggplant dinosaur.

      • Sanders is amazing at getting Trump elected. The more people show for Sanders and AOC events, the harder Trump's flaccid penis gets. If Sanders works hard enough, Melania might feel something.

      • It certainly could be bigger but it exists and it does exert some influence. Remember the difference between the left wing and the right wing is that the right wing fundamentally wants to maintain a strict hierarchy that they perceive as being a natural order where is the left wing wants to generally improve the quality of life of everyone across the board.

        This is one of the things people have a hard time with. The right wing and the left wing have not just fundamentally opposite goals but goals that ar
        • by Powercntrl ( 458442 ) on Monday April 14, 2025 @03:37AM (#65304141) Homepage

          It's just that to get to the goal they're trying to achieve, which is a better life for everyone, you pretty much have to smash the hierarchy because of the wise the kings will want to keep a substantial portion of the population in abject poverty and misery because maintaining it under class is an extremely effective tactic for controlling populations

          No, if you smash the hierarchy completely you end up with innovative and economic stagnation. That happens under communism and it's been tried already. Some of the most successful societies today (like certain Nordic countries) blend capitalist productivity with socialist safety nets so the “carrot” of potential upward mobility in the social hierarchy is still there, but unlike America, they've gotten rid of most of the "stick".

          That's where I'd say the major difference lies with our society - we're far more individualistic here in the USA. We collectively feel that if you didn't work hard enough to grab the carrot, then you deserve the stick. As much as I'd like to blame this on religious influence, I must've missed the part where Jesus said "Render unto Caesar your health insurance premiums, and let the market decide who shall be healed." Honestly, that's something to ponder over about the true persuasive power of conservative beliefs - they managed to essentially alter the moral code one of the world's largest religions, and that's no small task. The church didn't infiltrate the conservative party, the conservative party infiltrated the church!

          • Someone should try communism without a totalitarian leader. Because that's not how communism is really supposed to work, that's just how totalitarianism works.
            • Had a long discussion with a communist many years ago, and his argument was that communism doesn't work at scale because you need hierarchies for it to work which leads to stratification of power, ie you still will get serfs that has no power ruled by those few holding all the power. Look at any supposedly communist state (current and historically) and you'll find that this is true.

              He argued that communism only works in small groups were everyone can actually physically be present at meetings that decides w

    • The best part is I know the Trump voters understand they fucked up but they refuse to admit it.

      No, not all of them got the memo. I saw an imbecile last week stating "yeah, it's gonna be bad but sometimes you have to walk through fire".

    • The uncertainty is part of the game. The outcome really comes down to who has the best hand. I have no idea what the answer is, and my stock portfolio hates what Trump is doing, but will hope that there is actionable relief coming.

      I am a liberal but I do acknowledge that from a national security perspective the lack of domestic production of critical materials and equipment is unsustainable. I just fail to grasp what happens in the next 10 years before such capacity will exist.

      • I do acknowledge that from a national security perspective the lack of domestic production of critical materials and equipment is unsustainable.

        Then you start companies creating those things using government funds, of which the US has plenty. Do what was done in the postwar era, with progressive taxation and government involved in cutting edge technology.

        • by jvkjvk ( 102057 )

          >>I do acknowledge that from a national security perspective the lack of domestic production of critical materials and equipment is unsustainable.

          >Then you start companies creating those things using government funds, of which the US has plenty.

          Why did you cut off the last part of his statement?
          >> I just fail to grasp what happens in the next 10 years before such capacity will exist

          Your statement, "start companies using government funds" doesn't address this, either. Is that why you removed i

          • Because the answer is self evident with the solution I propose. For the next ten years, keep buying what is required from who sells it, without trade wars.

            And then, in ten years when the capability has been built, there will be no need for trade wars.

            What is bunk is what is happening now, and all the pathetic excuses made for it.

      • by shilly ( 142940 )

        "The lack of production of critical materials"... this is an insuperable problem, at least in the sense of attempting to onshore this production. The deposits are where they are, and aren't where they aren't, and one of the places they aren't is the US. There are two ways you can diversity critical raw materials production away from China -- through new trading alliances or by being cunty and trying to take the stuff by force. Surprise surprise, Trump has gone for the latter in Ukraine, in Greenland, etc. E

    • So, I have to admit, I don't understand the whole rhetoric. Trump is jumping up and down saying "TRADE IMBALANCE", "TRADE IMBALANCE". Which just means the US is buying more stuff from others than others are buying theirs. But... isn't that just, well, capitalism? He's saying that the whole world is taking advantage of the US because they aren't buying American shit. But as far as I can figure out, that's just everyone else being better at selling than they are.

      Maybe instead of pandering to him, or engaging at his level or looking for ways to make sense of him, we all ought to just mock the Americans for being really bad at this, and carry on without them.

      • by Kitkoan ( 1719118 ) on Monday April 14, 2025 @04:30AM (#65304199)
        It's not even as simple as that. There are countries that's he's claim trade imbalances with that are just not as large as the USA.

        Look at Canada. He claims a huge trade imbalance. Last year Canada imported US$274.39 billion from the USA. The USA imported US$421.21 billion from Canada. This has Trump screaming trade imbalance, and isn't fair. Except Canada has a population of around 40 million, and the USA has a population of around 341 million. A larger market of course will import more.

        But let's look at the trade numbers now. 40 million Canadians importing US$274.39 billion of imports means that the average Canadian is importing US$6,859.75. 341 million Americans importing US$421.21 billion of imports means that the average American is importing US$1235.21. This means that the average Canadian is importing 5.5 times as much from the USA as an American is importing from Canada. This is a huge trade imbalance, in the USA's favour. They are just trying to ignore that they have a larger market, and somehow a market that is x8.5 smaller should somehow have the same purchasing requirements and volume. This isn't realistic.
        • This isn't realistic.

          If your goal is to make up excuses to win your bets by getting the market to disgorge massive value, then basing world trade policy on a poorly written chatGPT prompt not even checked for accuracy makes perfect sense.

          • United States Imports from Canada was US$421.21 Billion during 2024 https://tradingeconomics.com/united-states/imports/canada
            Canada Imports from United States was US$274.39 Billion during 2024 https://tradingeconomics.com/canada/imports/united-states
            Canada's population in 2024 (39,742,430) https://www.worldometers.info/world-population/canada-population/
            USA population in 2024 (340.1 Million) https://www.census.gov/library/stories/2024/12/population-estimates.html

            The rest is basic math. Sorry to break it to
      • by AmiMoJo ( 196126 ) on Monday April 14, 2025 @04:56AM (#65304225) Homepage Journal

        Some countries can't afford American stuff. Their main exports are things like minerals and precious stones. They aren't going to start buying American made cars just because of tariffs.

        Some countries don't buy American stuff because it isn't suitable. Many American cars are too large and unsafe for European roads, for example. We do buy some, via brands like Vauxhall in the UK which is owned by GM. Another example is meat, where standards in the US are much lower than in Europe, so American products can't be sold here. Japan is another example for meat. Even though it can be imported, consumers just don't like it.

        On the other hand, exports like social media and operating systems from the US are popular.

        Make products that we want and can afford and we will buy it. Or don't, and don't worry about the imbalance.

    • Don't predict a Great Depression. When it happens just be shocked as anyone, if one doesn't happen you'll eat crow .. and for what?

    • by tlhIngan ( 30335 ) <slashdot.worf@net> on Monday April 14, 2025 @01:34AM (#65304045)

      Is going to cause a great depression

      The Smoot-Hawley Act would serve as a useful reference. While not the cause of the Great Depression (it started the year before), it certainly made the depression even worse.

      For a summary, a 2 minute clip from Ferris Bueller's Day Off basically summarizes all you need to know.

      Maybe that's the "Great" in MAGA. After all Great Depression has Great in it, so Trump wants to make the Greatest Depression of all time.

      Make American Great (depression) Again!

    • Is going to cause a great depression. I am so fucking pissed off at the people who voted for this idiot.

      We'll see how stubborn Trump can be. Slapping huge tariffs on iPhones will be something the Democrats pray for. Even the GOP base won't be able to stomach that type of inflation. My guess is that he'll chicken out again and have another "not an exception" episode.

      It used to be said that businesses can handle anything other than instability and uncertainty. So far, some business leaders are kowtowing to Trump. We'll see how long that lasts if their bottom lines are smashed.

      Trump is threatening stuff, an

    • Of course they deny. Their glorious leader's strategy is deny and attack. Makes life so simple! Easy to compute.
    • by gtall ( 79522 )

      The bond market isn't not susceptible to la Presidenta's BS except in a negative way. They took down Liz Truss's clown show in Britain a bit ways back. The reason: her tax cuts would make their debt interest payments go bye-bye. The R's in Congress are flirting with the same stupid idea.

      One thing that might make the American electorate see sense, at least one important segment of it, are seniors and those close to retirement. When SS and Medicare become unsustainable or cut by those bozos, then they will be

  • WHITE POTUS (Score:5, Funny)

    by Yo,dog! ( 1819436 ) on Sunday April 13, 2025 @09:48PM (#65303735)
    Stay tuned for tomorrow's episode of WHITE POTUS!
    • Stay tuned for tomorrow's episode of WHITE POTUS!

      I thought most of the 4/12 episode of SNL hit the mark pretty well.

  • by Yo,dog! ( 1819436 ) on Sunday April 13, 2025 @09:52PM (#65303741)
    Trump is flailing around like a beached whale. trying to prove he has a plan. Congress needs to put the doofus out of his misery stat.
    • by Pollux ( 102520 ) <speter@tedata.net.OPENBSDeg minus bsd> on Sunday April 13, 2025 @09:56PM (#65303747) Journal

      While the Senate passed the resolution to take the tariff away from Trump last week, they only did it by a 51-48 vote. The House won't pass it. Even if a few individuals flipped their vote and passed the bill, Trump would just veto it.

      Until Trump pisses off at least two-thirds of both the House and Senate, this is how things are going to stay.

      • Until Trump pisses off at least two-thirds of both the House and Senate, this is how things are going to stay.

        Or until the midterm elections, when the Dems will probably take over both houses of Congress - since Trump seems to be handing it to them on a plate.

        Unless they manage to somehow screw that up, which would not surprise me in the least.

        • One way to screw it up would be for Republicans to pass the SAVE act, which would effectively put a sizable poll tax on many of the nation's women by forcing them to buy a passport before they are allowed to vote. Guess which party loses when women don't vote?

          • by jvkjvk ( 102057 )

            Yeah, that would be unconstitutional if passed and hopefully challenged.

            Simply the factual burden placed on one segment of the populace should be enough to get it declared unconstitutional.

            • Ha. The only talents trump has is controlling the speed of the court and suckering the gullible half of the population.

              They won't fix the voting law until after the election. If they lose he'll create some way to undo the election or just go full dictator and jail enough senators so they can't convict him. His dictates are only being somewhat stalled or denied by the courts. He doesn't yet perform like Putin where the laws are quickly made to order; but with zero accountability he can ignore them until he

        • by jvkjvk ( 102057 )

          They will "take control" but I remember previous times they had control and did SHIT. So yeah, who cares? Even when they had an overwhelming majority they didn't get shit done. Haven't ever.

          I can see them being just as ineffectual and "nice" now.

    • All the kool aid drinkers are cheering.

    • Trump's not trying to prove he has a plan, only that he's THE MAN.

  • Hundreds of billions of dollars to teach a 78 year old man some economics. Coursera would be a lot cheaper.

    • If donald wanted to learn something, he'd done it 55 years ago in that worthless business college he graduated from.

    • Hundreds of billions of dollars to teach a 78 year old man some economics.

      He *should* already know all this because, according to his Wikipedia page [wikipedia.org],

      [Trump went to] the Wharton School [wikipedia.org] of the University of Pennsylvania, graduating in May 1968 with a Bachelor of Science in economics.

      I cannot fathom how he can so steadfastly believe/assert that foreign companies/countries, exporting goods, pay domestic import tariffs. Furthermore, literally *all* the financial people around him know the correct answer, and those in Congress should too, -- that importers pay those tariffs (taxes) and usually pass them onto consumers -- and yet they still tow his lies, and conservative media, who also know the correct answer, le

      • by NagrothAgain ( 4130865 ) on Sunday April 13, 2025 @11:02PM (#65303839)
        Things will make a lot more sense to you when you realize he doesn't care about the economy in general. He's getting his, rewarding his friends, and doing favors, and that's all that matters to him.
      • by divide overflow ( 599608 ) on Sunday April 13, 2025 @11:30PM (#65303879)
        Ok, here's the deal with Trump's tariffs. It has nothing to do with his stated reasons. The real reason Trump is putting huge tariffs on all these countries is

        Trump wants to use tariffs as a huge consumption tax on US consumers.

        Trump wants the increased taxes to be used to offset some of the expected tax shortfalls caused by extending the "Trump tax cuts." This will be particularly important in getting the next federal budget with the huge tax cuts for the wealthy and corporations rammed through Congress using what's known as the reconciliation process.

        What's the reconciliation process and why is it important? The reconciliation process allows a budget bill to be passed with a simple majority, which right now is possible using only the votes of Senate Republicans without the need of a single Democrat vote due to Republicans having 53 of 100 Senate seats.

        So why are the tariffs important? Because under the Congressional Budget Act's reconciliation process there is a prohibition (called a "point of order") against amendments that increase the deficit without a corresponding increase in revenue. In other words a reconciliation budget has to be either revenue positive or revenue neutral.

        The trick Trump is trying to pull off is to get the Congressional Budget Office (CBO) to allow estimated tariff revenues to "offset" the proposed Trump tax cuts and declare the budget revenue neutral, thereby allowing the tax cuts to go through with a simple majority vote. The resulting budget would shift the tax system from a progressive taxation system to a more consumption-based system.

        Note that after the budget with the Trump tax cuts were passed Trump could then decide to eliminate the tariffs.
        • In premise that may be true, and an actual goal they are trying to achieve, but tariffs Monday but not Tuesday, lower Wednesday and double high Thursday then off for the weekend except the penguins is destroying the entire markets shaving off ten trillion for their net savings of a trillion over many years. While the CBO may be tricked into this given all the loyalists installed, if the world ditches the dollar as the reset currency it will be a disaster for anyone holding anything in dollars or the US com
  • the sentile old fart is erratic and unpredictable, Trump has no common sense and is shooting from the hip like a drunk cowboy, i worry he will crash the economy and make the USA a pariah to the whole world
  • Can we have Trump-45 back?

    You know, the most ridiculous part of this temper tantrum is that the tariffs aren't even being collected yet [cnbc.com]. As that article says: "Social media posts are not law on the pause and increase in tariffs." It's just absolutely insane that this convicted felon thinks that he can legislate by Tweet, as if there's some dock worker who's constantly monitoring Truth Social and changing the tax calculation in his computer the moment Trump issues a new rant online.

  • Except that the first back-pedaling was real and in response to the Apple check clearing, while this second back-pedaling is somewhat nebulous, due in "a few months", "maybe" and will be without a doubt "a very Shtrong answer from America" and a "Beautiful thing", but later.

    What a dotard.

    But at least his health is good, except for the colon. He will outlast the period of history in which the US was a superpower.

  • by ukoda ( 537183 ) on Sunday April 13, 2025 @10:23PM (#65303783) Homepage

    Lutnick said on "This Week" that the White House will implement "a tariff model in order to encourage" the semiconductor industry, as well as the pharmaceutical industry, to move its business to the United States.

    Setting up semiconductor production is an expensive and long term commitment. Who in there right mind would take such a risk when the rules of the game are changing by the hour?

  • Maybe this is why they've moved on from teaching kids about AI to teaching them A.1. [usatoday.com], they may not be able to compete in the jobs market, but at least they can grill!!

  • by Baron_Yam ( 643147 ) on Sunday April 13, 2025 @11:31PM (#65303887)

    It is fascinating to watch someone destroy untold trillions of value so they can steal a few billions, with a third of the country cheering it on and the other two thirds just letting them do it.

    Every time the story changes, it doesn't matter if it's a reversal or a new threat, the continual change itself is driving away investment. You can't invest in an unpredictable market.

    • by mjwx ( 966435 )

      It is fascinating to watch someone destroy untold trillions of value so they can steal a few billions, with a third of the country cheering it on and the other two thirds just letting them do it.

      Every time the story changes, it doesn't matter if it's a reversal or a new threat, the continual change itself is driving away investment. You can't invest in an unpredictable market.

      It's almost as if putting someone with a multitude of bankruptcies under their belt in charge of an economy they clearly don't understand was a bad idea?

      • By Trump's standards, he's a roaring success.

        1) He's completely free of all his legal issues. He owns the courts, the cops, and the senate.

        2) He is personally making money hand-over-fist and doesn't care that he's destroying the US to do it. This is probably the first scheme in his life that has been wildly successful.

        3) He is able to take revenge on everyone who opposed him, indulge his racism, etc. And everyone is just letting him do it.

        If he were capable of the required emotions, he'd probably be bed-

  • My new pet theory is that what Trump and his buddies wanted to do was control stock prices, be able to send them up and down at will, to make a killing and to exert power over corporations. But they overreached and provoked a bond market reaction that was trending towards a collapse of the entire financial system, as the dollar's reserve status and Treasury securities were so badly undermined. So they pulled back from the wildest excesses, and now they're trying to calibrate their control a bit more finely,

  • Is Trump denying things again? Probably going through one of his episodes again. I'll talk to him.
  • (continental European here)

    We're like: "You guys sure you want to do this?" and "This doesn't look like it's going to fly and for what you want to achieve you're missing the fundamentals." and "Taxes? Healthcare? Loser pays all for civil lawsuits? Feasible Public Education?"

    What's going on right now is making me really queasy.

    Here's the deal: We continental Europeans knew Brexit would hurt. However, nobody knew it would hurt _that_ bad. I'm looking to the UK right now thinking "Holy cow, this went from 'It's going to be tough' to 'major disintegration of society' really quick."

    I'm starting to feel and fear the same for the USA.

    What's really a shame is that solving this wouldn't be hard, especially with people willing to do hard and radical things. But what I'm observing right now is very hard to make sense of. I suspect lowering dollar value and maintaining it's key position is not going to work, despite what some "Project 2025" academics think.

    If this goes sideways epic style, and it very well could, I sure hope you guys can redo the constitutional makeup of the USA without any all-out civil war non-sense. Good luck and be safe! I mean it!

    • If this goes sideways epic style, and it very well could, I sure hope you guys can redo the constitutional makeup of the USA without any all-out civil war non-sense. Good luck and be safe! I mean it!

      Europe should be focused on getting its shit together, strengthening the EU so it can override petty internal disputes and rationalizing regulations to become more economically competitive. The world needs y'all to step up and lead the western world, to become the new economic hegemon and guarantor of security, because Pax Americana has just ended, and the other option is a world order led by China. If we want liberal democracy, the rule of law, human rights, etc., to continue improving human existence, i

  • ...do we really NEED a president? Can't we just replace that position with an AI?

A budget is just a method of worrying before you spend money, as well as afterward.

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