The Trump administration’s exemption on tariffs for electronics may be short-lived.

Commerce Secretary Howard Lutnick said Sunday that the White House’s decision to exempt items like smartphones, computers, and other consumer electronics from steep tariffs earlier this month was only temporary.

The Trump administration’s exemption on tariffs for electronics may be short-lived.

A new set of duties focused on semiconductors is expected within “a month or two,” Commerce Secretary Howard Lutnick said Sunday.

“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,” he said.

The goal is to encourage chip and flat panel production in the U.S. and reduce dependence on Asian manufacturing. The clarification follows a bulletin from U.S. Customs and Border Protection late Friday bringing a temporary exemption for a range of key electronics from the reciprocal tariffs President Donald Trump announced earlier this month.

However, those same items would soon be swept up under a more targeted policy aimed at “national security” industries like semiconductors and pharmaceuticals, Lutnick said.

“We need to have chips, and we need to have flat panels — we need to have these things made in America,” he said.

The price of bitcoin dropped roughly 1% on headlines reporting on Lutnick’s words, before recovering back to the $84,000 mark. The wider crypto market, measured by the CoinDesk 20 (CD20) index, is down roughly 1.6% in the last 24-hour period.