Economist: U.S. Section 232 Investigation Results and Tariff Plan Will Not Be Implemented Immediately

BlockBeats News, August 6th, according to foreign media reports, the U.S. government is about to release the investigation results of Section 232 on specific industries such as global semiconductors, pharmaceutical raw materials, servers, key components, minerals, etc. Economists point out that procedurally, after the investigation results come out, the U.S. President will take action within 90 days of receiving the report. During this time, all countries have the opportunity to negotiate with the U.S., so similar to the tariff retaliation in early April, the investigation results and tariff plans of Section 232 are not expected to be implemented immediately. The U.S. may introduce an investment framework or structure to further negotiate U.S. investment with other countries, with conditions that may include different durations and amounts, in exchange for reduced tariff rates. As for the semiconductor tariff rate, economists speculate on levels ranging from 20% to 35%. (FXStreet)