Trump denies tariff ‘exemption’ for electronics supply chain

News Snapshot:

President Donald Trump denies that there was a tariff “exception” for certain electronics announced on Friday (Saturday AEST), saying in a post on Truth Social that these products are still subject to existing tariffs of 20 per cent and that the administration is looking into tariffs on the whole supply chain for electronics. Trump’s post on Truth Social came shortly after US Commerce Secretary Howard Lutnick’s comments on US network ABC’s This Week, signalling that exempting a range of electronics from 125 per cent tariffs on China and a 10 per cent flat rate around the globe was temporary. “These...