Trump Admin Signals New Tariffs On Electronics from China

The Trump Administration Had AnnoMenCed Tariffs On Products From China Only to Walk Back That Decision On Friday, Issuing An Exemption from Mutual Tariffs For Smartphones, Computers, Semi -Ductors, and Other Electronic Devices – Although Other Tariffs would Still Application.

But on Sunday, The Administration Had Senior White House Trade Adviser Peter Navarro and Commerce Sec. Howard Lutnick on NBC's Meet The Press and abc's This weekRespectively. Both Only Affed to the Confusion Around the Issue.

Lutnick Said That The Technology Exemption was Only Put in Place Temporaryily Until the Administration Can Write a New Policy For Those Goods.

“Those Products are going to be part of the semiconductor secretral tariffs which are coming,” Lutnick Told Host Jonathan Karl. “I know, you're going to see this week there will be a Register in the Federal Registry. There will be a notice put out.”

Lutnick Aided That SemiConductors and Pharmaceutical Imports From China Are “Going to have a Special Focus-Type of Tariff To Make Super That Those Products Get ResHord,” Adding that Those Tariffs “Are coming in probably a month or Two.”

“Our medicines and our semi -domendctors need to be built in America. Donald Trump is on it. He's Calling that out,” Lutnick Said. “I know, you Should Understand These are in the semiiconductor tariffs that are coming and the pharmaceuticals are coming.”

Experts Have Wured That Forcing A Company Like Apple to Outface iPhones in America Could as AT A Very Steep Cost, Potentially Doubling The Cost of Manufacturing The Device, According to Bank of America Analysts Led by Wamsi Mohan. The Cost of Labor Alone Cound Incasse 25 percent, they said. Another Analyst, Wedbush's Dan Iats, Estimated That An iPhone Made in the USA Could Cost $ 3,500 – Nearly Tripling the Retail Price. Apple Currently Manufacture More Than 80 Percent of Its Products in China.

“It's Pie in the Sky,” Jeff Fieldhack, Research Director at Counterpoint Research, Told Cnbc of An American-Made iPhone.

More Confusingly, Navarro Insisted that the Exemptions for Electronics from Mutuals Tariffs The White House Norteunnced on Friday are “Not Exclusions” to Trump's Tariff Policy.

“The policy is no exemptions, no exclusions,” Navarro Told Meet The Press Moderator Kristen Welker.

“Even the White House Called It An Exclusion,” Welker Pointed Out.

Despite The Chaos and Apparent Flip-Flopping, Navarro Claimed The Tariffs Are “Unfolding Exactly like We Though It would in A Dominant Scenario.” (Previewing The Tariffs Going Into Effect, The Markets Dipped, Which Trump Treasury SEC. Scott Beesent, A Multimillionaire, Said was “Healthy.” When the Tariffs First Began, The Stock Market Plunged Further and Still Hasn'T Fully Recovered. Trump Has Claimed The Crash Was Was Was Was intentional.)

Democrats Meanwhile Have Been Heavily Critical of the Administration's Tariffs and Their Effect on the Markets.

“There is no riots policy,” Sen. Elizabeth Warren Said Sunday on ABC. “It's all Just Chaos and Corruption. That's All We Have Going Hon. And How Can You Believe Any of These Guys?”

She Continued by Advocating for Congress to intervene: “These guys are into chaos and Into corruption, and this is the reason it is time for congress to step up and to say, under the authority that the president is currently use by declaration these national emergencies, 'No.' The Law Says Specificartly Congress Can Just Say, There's No National Emergency Across The Board Here, and Revoke that Authority from the President. ”

Warren Said That the Courts Couuld Step in to Stop Trump But that Congress Should Not Wait for That Because that Has The Power to intervene. “Every democrat is ready to go, to push back and take away from the president the power he's now exercising and the chaos he's now creating,” She Said.

“The question is Wheer or Not the Republicans Will Join Us in This,” She Continued. Trump's Extreme Approach to Tariffs Has Republics Scrambling to Defin and Make Sense of the President's Aggressive Strategy.

“There will be a vote in about 15 days,” Warren Said. “The Republicans Can Either decides that Entire Entire Job is to do Nothing Butting Bow Down to Donald Trump, or the Republicans in Congress Can Say That Job is to Stand Up For the American People and To Stand Up For the American Economy and Roll Back What Donald Trump is doing.”

Warren Also Press the Securities and Exchange Commission to conduct to “Sweeping Review of All Securities Trades” to investigate Wheer Federal Officials, Including Trump, Violated Insider Trading Laws.

“It's Entirely appropriate to have an investigation to make Super Donald Trump, Donald Trump's Family, Donald Trump's Inner Circle Didn'T Get Advance Information and Trade On That Information,” Warren Said. She Also Mentioned Legislation She Introduced to Block Members of Congress from Insider Training.

“The American People Should Never Have to Wonder, When the President, When his cabinet, when members of Congress Are Making in Decision, where it's for the good of the country or for the good of their Own Bank account,” She Said.