U.S. Secretary of Commerce: U.S. Tariff Exemption on Electronic Products May Be Temporary

BlockBeats News, April 13th, U.S. Commerce Secretary Raimondo said in an interview that electronic products such as smartphones, laptops, and wireless earbuds that were previously exempt from tariffs will be reevaluated as part of the government's investigation into the semiconductor industry. These products may be included in the semiconductor industry tariffs, which could be implemented in one to two months. When asked to clarify whether the tariff on iPhones would "resume in about a month," Raimondo replied, "That's right. We need our drugs, semiconductors, and electronics to be produced in the United States." His remarks will intensify uncertainty among businesses about Trump's tariff actions. Trump's tariff measures have seen a series of reversals, and last week they led to a large-scale sell-off in the $29 trillion U.S. Treasury market. Furthermore, Raimondo also mentioned that tariffs on the pharmaceutical industry will be imposed in the next month or two. (FXStreet)