Trump Reaffirms Tariffs on Semiconductors and Electronics Amidst Trade Tensions ๐Ÿ“ฑ๐Ÿ’ป

Trump Reaffirms Tariffs on Semiconductors and Electronics Amidst Trade Tensions ๐Ÿ“ฑ๐Ÿ’ป

President Donald Trump has reiterated his stance on imposing tariffs on semiconductors and electronic products, signaling no retreat from his tariff policies. This comes amidst ongoing trade tensions, particularly with China.

Clarification on Tariff Exceptions ๐Ÿ’ก

In a social media post, Trump clarified that the announcement made on April 11 was not a tariff exception. Instead, these products are subject to the existing 20% fentanyl tariff and are simply being moved to a different tariff category.

โ€œWe will be looking at the entire Semiconductor and Electronic supply chain in the upcoming National Security Tariff investigation,โ€ Trump stated.

Background on the Tariff Measures ๐Ÿ“œ

The initial announcement on April 11 specified the electronic products, including semiconductors, that would be excluded from reciprocal tariffs. This meant these products would not be subject to the 125% reciprocal tariffs imposed on China or the tariffs imposed on other countries (initially 10%, but subject to waivers until July 8).

However, the 20% tariff on China due to the lack of cooperation in preventing the inflow of fentanyl into the U.S. remains in effect. This led to speculation that Trump might be easing tariff pressures on electronic products, drawing criticism from various quarters.

Administrationโ€™s Stance ๐Ÿ—ฃ๏ธ

Officials clarified that while these products are excluded from the reciprocal tariffs announced on April 2, they will be subject to tariffs imposed through a Section 232 investigation. This means items critical to national security, like semiconductors, could face tariffs similar to those imposed on steel and automobiles.

Trumpโ€™s Firm Resolve ๐Ÿ’ช

Trump emphasized his commitment to enforcing tariffs, stating, โ€œNobody is getting off the hook, especially China, who treats us the worst.โ€ He stressed the importance of manufacturing products in the U.S. and not being held hostage by other nations, particularly those he views as adversarial trading partners.

โ€œWe must make our products in the U.S.A., and not be held hostage by other countries, especially China, an economic foe who uses every trick in the book to disrespect our great American people,โ€ Trump added.

In summary, the U.S. remains firm on its tariff policies concerning semiconductors and electronics, particularly in the context of national security and trade relations with China. ๐ŸŒ

Source: Yonhap News Agency

From : https://n.news.naver.com/mnews/article/001/0015327465?sid=104


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