Donald Trump’s stupid trade war and his blatant abuse of tariffs continue, showing no clear indication this madness will end.
Orange Mussolini said aht aht aht after numerous reports claiming he was gonna exempt smartphones, PCs, and chips from his sweeping tariffs.
Spotted on Eurogamer, Donald Trump has backtracked on those exemptions, saying “no one is getting off the hook” and “there was no Tariff ‘exception” on his Truth social account. This kills all hope of anyone avoiding the absurd 145 percent tariff he slapped on China.
There is also a separate tariff specifically for semiconductors coming as well.
Per Eurogamer:
Chinese electrical goods would simply now be placed in “a different tariff bucket”, Trump continued, concluding that National Security Tarriff Investigations would be reviewing “the WHOLE ELECTRONICS SUPPLY CHAIN”.
US commerce secretary Howard Lutnick has told ABC News that a separate “semiconductor tariff” was now planned – exact details of which are yet to be determined.
“We need to have semiconductors, we need to have chips, and we need to have flat panels, we need to have these things made in America,” Lutnick said. “We can’t be reliant on Southeast Asia for all of the things that operate for us.”
Speaking to CBS News, US trade representative Jamieson Greer confirmed this semiconductor tariff meant Chinese electrical goods had therefore been given something that was “not really an exception. That’s not even the right word for it.”
“It’s not that they won’t be subject to tariffs geared at reshoring,” Greer continued. “They’ll just be under a different regime. It’s shifting from one bucket of tariffs to a different bucket of potential tariffs.”
There is no clear plan for anything this Trump administration does; there is no exact date on when the Trump administration will introduce the semiconductor tariff or how much it will be.
The Gaming Industry Has Begun Prepping For Trump’s Tariffs
The video game world has been prepping and making moves ahead and after Trump’s “Liberation Day.”
Nintendo has already delayed Nintendo Switch 2 preorders in the US indefinitely, begun stockpiling the console in the country, and shifted most of its non-Chinese output there.
Nintendo is not alone. Sony just recently announced it was raising the price of the PlayStation 5’s digital edition in the UK, mainland Europe, Australia, and New Zealand.
The company said the “tough decision” was a result of “the backdrop of a challenging economic environment, including high inflation and fluctuating exchange rates.”
This nightmare has no end in sight.
