Trump mulls semiconductor levies after lifting reciprocal tariffs on electronics – NPR

Key Takeaways:

• President Trump is considering new tariffs on semiconductors after recently lifting tariffs on electronics.
• Administration officials state that tariff exemptions on tech products are temporary.
• Elizabeth Warren criticized the trade policies, calling the trade war a “red light, green light” game.
• Conflicting statements from the White House have caused market confusion, particularly regarding iPhone tariffs.
• The White House clarified exceptions under Executive Order 14257, signaling potential policy shifts.

Tariff Policies in Flux

In a surprising turn, President Trump is contemplating new tariffs on semiconductors shortly after lifting reciprocal tariffs on electronics. Reports from NPR indicate that the administration is re-evaluating its stance on tech imports, causing ripples throughout the technology sector.

Temporary Exemptions on Tech Products

According to CNN, a Trump official has confirmed that the recent tariff exemptions on electronics are temporary. “These exemptions are part of an ongoing negotiation process,” the official stated, emphasizing that the administration seeks fair trade practices.

Political Criticism Mounts

Senator Elizabeth Warren has openly criticized the President’s inconsistent trade policies. Calling the trade war a “red light, green light” game, Warren highlighted the uncertainty and volatility such policies impose on businesses and the economy at large. Her comments reflect growing concern among lawmakers about the administration’s approach to international trade.

Market Confusion and iPhone Tariffs

The Daily Beast reported that President Trump’s statements regarding tariffs on iPhones have baffled markets. Investors and companies alike are seeking clarity as conflicting messages emerge from the White House. The uncertainty has led to market volatility, with tech stocks experiencing fluctuations in response to the news.

Clarification from the White House

In an effort to address the confusion, the White House issued a statement titled “Clarification of Exceptions Under Executive Order 14257 of April 2, 2025, as Amended.” The announcement underscores that the current exemptions are subject to change and that new tariffs, particularly on semiconductors, are under consideration.

Implications for the Tech Industry

The New York Times reported that these potential new tariffs on chips could have significant implications for the tech industry. Companies reliant on semiconductor imports may face increased costs, which could impact consumer prices and the broader economy.

Looking Ahead

As the administration weighs its options, businesses and investors await definitive policy decisions. The fluctuating trade landscape underscores the complexities of international commerce and the far-reaching effects of tariff adjustments. The tech industry, in particular, remains on alert for further developments that could shape its future operations.