U.S. Commerce Secretary: U.S. tariff exemptions on electronics may only be temporary

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MarsBit
04-13
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Mars Finance News: According to Jinshi Report, U.S. Commerce Secretary Raimondo stated in an interview that electronic products such as smartphones, laptops, and wireless headphones that have received tariff exemptions will be re-examined as part of the government's investigation into the semiconductor industry. These products may be included in tariffs on the semiconductor industry, which could be implemented in one or two months. When asked to clarify whether iPhone tariffs would "resume in about a month," Raimondo responded: "That's right. We need to produce our medicines, semiconductors, and electronic products in the United States." Her remarks will increase business uncertainty about Trump's tariff measures. Trump's tariff measures have undergone a series of reversals and led to a massive sell-off in the U.S. Treasury market worth $29 trillion last week. Additionally, Raimondo mentioned that tariffs on the pharmaceutical industry would be introduced in the next month or two.

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