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UPDATE:  President Donald Trump has issued his first official statement regarding semiconductor and electronics tariffs since the recent announcement that certain electronic products would be excluded from tariffs. In a post on his Truth Social platform on April 13, 2025, Trump clarified that these products are not actually exempt from tariffs but have merely been reclassified under a different tariff framework. "Not Exemption, Just Reclassification" Trump emphasized that semiconductor manufacturing equipment, smartphones, networking equipment, storage media, and display devices have not been "exempted" from tariffs, but have simply been moved to a different tariff classification. This strategic move indicates that while these products were excluded from the "reciprocal tariffs" announced on April 2, they remain subject to other tariff regimes. "These products haven't been exempted from tariffs, they've just been moved to a different tarif...