Trump will announce tariff rate for semiconductors over the next week, indicating that sector-specific levies be on the way.
- Asked about tariffs on iPhones, says that will be announced soon but there has to be some flexibility
- says he doesn’t think a foreign company should own US Steel
Over the weekend Lutnick also indicated that sector tariffs on semiconductors, pharmaceuticals are due out in a month or two.
This article was written by Eamonn Sheridan at www.forexlive.com.