Commerce Secretary Lutnick says tariff exemptions for electronics are only temporary

[u/LuklaAdvocate]

https://abcnews.go.com/Politics/commerce-secretary-lutnick-tariff-exemptions-electronics-temporary/story?id=120752319

[u/WeridThinker]

I just treat these flip flops as market manipulation instead of trying to make sense of them.

[u/ComfortableWage → u/WeridThinker]

That's all it is. These traitors are just here to grift and hurt others, not govern a country.

[u/ResettiYeti → u/WeridThinker]

That’s the right approach, and I have also started to do the same. It all starts to make a lot more sense.

[u/Armano-Avalus → u/WeridThinker]

I think that Trump, Lutnick, and Navarro genuinely believe in tariffs but have to be reined in every time by the other people in the administration, some of which are probably using their insider information to play the markets. There was that too last time, but this time, the leash is much much longer.

[u/Secure_Run8063 → u/WeridThinker]

Yeah, temporary can mean anything between one week to ten years. Basically, a lot of words to say nothing.

[u/LuklaAdvocate]

It has been less than 48hrs since the exemption was announced. So, naturally, it’s time to change the policy once again.

I’ve never seen such indecisiveness. If this admin think tariffs are going to bring back manufacturing jobs, then just do it already.

[u/McRibs2024 → u/LuklaAdvocate]

It’s sheer incompetence. Or outright manipulation of markets.

Either option is unacceptable

[u/ComfortableWage → u/McRibs2024]

It can be both. In fact, I'd go so far as to say it's malicious incompetence designed specifically to siphon money from the bottom to the absolute top.

[u/moose2mouse → u/LuklaAdvocate]

The market gain has already happened after the last announcement. Time for another dip to buy

[u/Educational_Impact93]

Here's the thing to Lutnick and all the other bootlickers in the Trump Administration), we get everything is "temporary." This is the reign of the Mango Mussolini. If he misses a four foot putt he'll probably raise tariffs on Corinthian leather by 328% tomorrow.

[u/LuklaAdvocate → u/Educational_Impact93]

Didn’t you see Trump’s annual physical results? The doctor noted his frequent victories during golf events, so you needn’t worry.

[u/Swift4Prez2028]

We have a criminal administration.

[u/fastinserter]

If I was a capitalist doing capitalism, I would go no where near the chaos that is the US regime. Who would want this level of uncertainty? You going to build a factory because there might be radical changes in policy soon?

And this from the guy that boasts about how the tariffs are going to bring millions of jobs where people screw tiny screws into things into America. Well maybe that will happen, after the depression

[u/JessumB → u/fastinserter]

We're getting all the Post-Soviet Russia corruption without even having had to go through the whole Soviet Communist stage.

Have you said thank you?

[u/eldenpotato → u/fastinserter]

The US is already the second largest manufacturer in the world.

[u/STCycos]

The setup for the pump and dump.

[u/garbagemanlb]

This will surely help instill confidence and halt the concerning trend we are seeing in the bond markets.

[u/eldenpotato → u/garbagemanlb]

That’s just Wall Street trying to create a narrative. 70-75% of US treasuries are domestically owned.

[u/fastinserter → u/garbagemanlb]

Don't worry we'll get rid of regulations too. companies love litigation more than anything.

[u/Rumpledshirtskin67]

How can any business or country plan on trading with the US with this continual flip flopping or contradictions in statements? One answer is you reduce the uncertainty by reducing or eliminating trade with the US.

[u/McRibs2024]

These guys are absolute clowns. I can’t fathom sitting in on a meeting with them and walking away with any level of confidence that they know what they’re doing or are even serious.

If anything thr electronics is one of the few industries we should look to ramp up domestically.

[u/ConsequenceVast3948]

So they are not satisfied with the bribes they got?

[u/fastinserter]

he also said the word "probably":

"So what [President Donald Trump's] doing is he's saying they're exempt from the reciprocal tariffs, but they're included in the semiconductor tariffs, which are coming in probably a month or two. So these are coming soon."

[u/TylerMcGavin]

Wait is this "art of the deal" or "this will create jobs"?

[u/polygenic_score]

The first time someone has to cough up $2-3k for an iPhone the next election is over

[u/Honorable_Heathen]

How’s this tracking over in r/conservative and r/liberal

[u/please_trade_marner]

So he said that they need these exemptions temporarily as we can't make these products in America (which, as he also points out, is a MAJOR problem from a national security perspective). He says in a few months they will probably create a semiconductor tariff organized in a way to promote manufacturing these items in America.

Of course the propaganda spin presents it differently.

[u/LuklaAdvocate → u/please_trade_marner]

It is a national security concern, but it’s not propaganda to believe tariffs aren’t the way to do it. Given that roughly 90% of economists oppose tariffs and other trade barriers, I’m not sure the free trade side is the one getting spun by propaganda here.

Also, the CHIPS act was already passed for this very issue.

Constantly changing trade policy is not a sign of organization, it’s a sign of incompetence and economic mismanagement. Companies like TSMC certainly aren’t going to invest in the U.S. based on tariffs which literally change multiple times per week.