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We at the US government believe in clarity in communication, so here's a clear explanation of the tariff exemption which we have walked back and are ready to implement. There will be a tariff exemption on electronics, only it's an exemption to the overall tariffs, in order to have a separate tariff regime for electronics. This tariff will be 0%. By that we mean 0% lower than a percentage that is not the regular 145% which is still in effect, but may also be paused like the other 10% tariffs which have been paused but will be in effect. In other words, electronics might have a tariff applied to them that may be higher than 0% and/or lower and/or higher than 145%, and this last tariff may be paused and/or raised to match the electronics tariff, which is a different regime.
The government just doesn’t want to put labels on things. Let’s just have fun ya know. Maybe we’ll tarriff some Chinese semiconductors if we feel like it but also maybe not.