US President. Donald Trump has insisted no one is “getting off the hook”;, despite dialling down the pressure on China slightly, by listing tariff exemptions for electronic products.
Beijing is a major exporter of electronic products to the United States.
But US tariffs imposed on China rose to 145 percent, before Beijing retaliated with a 125 percent levy on US imports.
Trump on Saturday, announced exemptions for smartphones and computers among other tech devices and components.
This included semiconductors, solar cells, flat panel TV displays, flash drives, and memory cards.
But in the latest global trade war twist, Trump made it clear on Sunday that there was “no Tariff ‘exception'”;, as smartphones, laptops and other products remained subject to a 20 percent rate in “a different Tariff ‘bucket'”;.
“We will not be held hostage by other countries, especially hostile trading Nations like China,”; he wrote in a post on his Truth Social platform.
Trump said he would give “very specific”; details on Monday, while US Commerce Secretary Howard Lutnick said semiconductor tariffs would likely be in place “in a month or two”;.
