Trump tariff du jour
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Now you don’t see them, now you do:
President Donald Trump signaled Sunday that he would pursue new tariffs on the powerful computer chips inside smartphones and other technologies, just two days after his administration excluded a variety of electronics from the steep import taxes recently applied on goods arriving from China.
The push came as Trump’s top economic advisers scrambled to explain their shifting strategy, after having insisted for weeks that they would shield no company or industry from any of the fees they have levied in a bid to reset U.S. trade relationships.
The reprieve for technology companies arrived in the form of a Customs and Border Protection rule issued late Friday that spared high-tech imports from Trump’s so-called reciprocal tariffs, including those on China. While the president paused a set of punishing levies on nearly 60 countries last week, his administration has forged ahead with a new 145% tax on Chinese exports, announcing it after Beijing retaliate
If I were capable of assembling the capital to build a factory, I’m not entirely sure that I do would so based on the assumption that the tariff policies currently in place will still be in place after time period necessary to complete the process.