Tech Industry Receives Tariff Relief Amid Trade Tensions

U.S. Commerce Secretary Howard Lutnick announced upcoming separate tariffs on electronics like smartphones and computers, in addition to semiconductors. The Trump administration recently granted tariff exclusions for these imported products from China, offering a significant reprieve for tech companies such as Apple that depend on such imports.

In a recent interview with ABC's "This Week," U.S. Commerce Secretary Howard Lutnick revealed that smartphones, computers, and select electronics will soon face separate tariffs, alongside semiconductors, potentially imposed within a month.

This stance accompanies the Trump administration's late-Friday decision to grant tariff exclusions on such products, primarily imported from China. This development marks a significant relief for technology companies, particularly Apple, which heavily relies on these imports.

The move reflects ongoing trade negotiations and tensions, as the U.S. government adjusts its trade policies impacting multiple sectors, notably technology.

(With inputs from agencies.)