Commerce Secretary Howard Lutnick sewed further confusion about President Donald Trump’s tariffs on tech products on Sunday. Speaking with ABC’s This Week, Lutnick said that the technology exemption from the Trump administration’s reciprocal tariffs on China was only temporary—tech companies should expect to see the levies hit under a “semiconductor tariff” at a later date.

If you're considering buying a new iPhone 16, it's best to do so sooner rather than later as Trump's tariffs will take action soon.