Trump Reaffirms Tariffs on Semiconductors and Electronics Amidst Trade Tensions 📱💻

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 💡

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.

“We will be looking at the entire Semiconductor and Electronic supply chain in the upcoming National Security Tariff investigation,” Trump stated.

Background on the Tariff Measures 📜

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.

Administration’s Stance 🗣️

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.

Trump’s Firm Resolve 💪

Trump emphasized his commitment to enforcing tariffs, stating, “Nobody is getting off the hook, especially China, who treats us the worst.” 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.

“We 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,” 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. 🌐

Source: Yonhap News Agency