Home ยป Minister of Commerce of the United States issues temporary exemption on import taxes for computers and electronic products. New tax to be introduced soon.

Minister of Commerce of the United States issues temporary exemption on import taxes for computers and electronic products. New tax to be introduced soon.

Howard Lutnick, the US Secretary of Commerce, interviewed on ABC’s This Week, discussed the additional import tax exemptions on computer and electronics products recently announced last week, stating that it is only a temporary exemption.

Lutnick mentioned that these products will be subject to a new import tax called the Semiconductor Tax, expected to be announced within the next 1-2 months, with the goal of promoting manufacturing in the United States.

President Donald Trump posted a message on Truth Social on the same issue, stating that there will be no import tax exemptions, but the latest products announced will have a different type of import tax imposed.

Source: ABC News via TechCrunch

TLDR: Howard Lutnick and President Donald Trump address import tax exemptions on computer and electronics products, with plans for a new Semiconductor Tax and no exemptions on recent products.

More Reading

Post navigation

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

American Public Opinion Survey Unimpressed by Elon Musk and Mark Zuckerberg, Especially Democrats Cheering for the Democratic Party.

Ceasement of United States’ Provocation Patch Delivery to Ukrainian Radar-Equipped F-16s; Mirage 2000 to Utilize Alternate Provocation Mechanism.

Bitcoin Price Surges Past $80,000 Mark in the US Dollar Territory