Published Date: 13.04.2025 13:21 / Politics

Lutnick, Ackman Differ on Tariffs

Lutnick, Ackman Differ on Tariffs

United States Commerce Secretary Howard Lutnick stated on Sunday that the recently announced tariff exemptions for electronic goods are only temporary. Speaking with ABC News, Lutnick said these products will soon be subjected to new 'semiconductor tariffs' expected to be introduced within the next month or two.

"All those products are going to come under semiconductors, and they're going to have a special focus type of tariff to make sure that those products get reshored," Lutnick emphasized. He highlighted the need for the U.S. to manufacture semiconductors, chips, and flat panels domestically, adding, "We can't be reliant on Southeast Asia for all of the things that operate for us."

Lutnick’s remarks follow the Trump administration's decision to exempt various tech products—including smartphones, laptops, and semiconductors—from the steep 145% tariffs imposed on Chinese imports, as well as from the temporary 10% tariffs applied to most other countries. While the exemption eased immediate pressure on global supply chains, Lutnick made it clear that targeted measures remain imminent.

Meanwhile, billionaire investor and Pershing Square Capital Management CEO Bill Ackman called on President Donald Trump to pause the 145% tariff on Chinese goods for 90 days and reduce it to 10% during that period. In a post on X, Ackman stated that this pause would give U.S. businesses time to adapt their supply chains and offer China an opportunity to negotiate a trade agreement in good faith.

"The benefit of waiting 90 days is twofold. It gives all US businesses the opportunity to make supply chain adjustments, and it gives China the opportunity to show that it is willing to negotiate a trade deal in good faith," Ackman explained. He added that he would support the higher tariffs if China proves unwilling to reach a fair deal. "If China does not cooperate and negotiate a deal that makes sense for our country, President Trump can bring the hammer down in 90 days," he stated.

The contrast in views highlights the ongoing debate over how best to manage trade tensions with China while balancing economic pressures at home. With new tariffs looming and influential voices weighing in, the direction of U.S. trade policy remains fluid in the coming weeks.