


As President Donald Trump enters the second full week of his trade war, he is signaling a new phase of tariffs targeting tech products and pharmaceuticals. Despite criticism from economists who describe his tariff strategy as risky, Trump is not backing down from efforts to rebalance global trade in America’s favor.
Customs and Border Protection on Friday night announced 20 temporary tariff exemptions for items such as smartphones, computers and semiconductors entering the United States. However, Commerce Secretary Howard Lutnick said Sunday these exemptions are temporary as the administration prepares sector-specific tariffs on tech and pharmaceuticals.
“Those are just going to be part of making sure we restore the core national security items that need to be made in this country,” Lutnick said. “They’re included in the semiconductor tariffs which are coming in probably a month or two.”
This move comes after statement from the president’s top trade official, Jamieson Greer, who said, “The president has been clear with me and with others that he does not intend to have exclusions and exemptions.”
The steepest tariffs are on Chinese goods at 145%, with China retaliating with 125% tariffs on American products. The standoff has led to a messaging war, with China accusing the U.S. of “predatory practices” and making other countries pay for Trump’s “Make America Great Again” agenda.
Americans are bracing for a potentially long and costly standoff between the U.S. and China, as neither side appears willing to initiate negotiations. Meanwhile, negotiations with other countries benefiting from a 90-day pause on reciprocal tariffs are ongoing.
Kevin Hassett, director of the National Economic Council, said, “130 countries have responded and we’re negotiating with them and they’ve got their rate down to 10%.”
Before attending a UFC event in Miami over the weekend, Trump provided an update on the negotiations.