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India Times // World // Asia

New tariffs 'coming soon': US trade secretary says duty exemptions for electronics temporary

Sunday 13th April 2025, 2:30PM

Commerce Secretary Howard Lutnick announced that while certain electronic devices are temporarily exempt from recent tariffs, they will soon face new "semiconductor tariffs" within a couple of months, aiming to reshore production to America. China has urged the U.S. to completely cancel its reciprocal tariffs and correct its mistakes, viewing the exemptions as insufficient amidst the ongoing trade war.

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