Commercial Secretary Howard Lutnick walked back to the recent exclusion of the Tariff’s Tariff on select electronics announced in a Bulletin of April 12 from U.S. Border Protection.
On April 13, Lutnick said ABC NEWS THAT THE Reciprocal Tariff Exemption Temporary until the administration has established a sector tariff regime for semiconductor products, which includes phones, graphic processors, and computing chips in a “month or two.” Lutnick added:
“President Trump called pharmacists, semiconductors, and autos. He called them sector tariffs, and these are not available for negotiations. They will only be a part of ensuring that we are ensuring major national security items are made in this country.”
“We can’t rely on China for the main things we need. Our medicine and our semiconductors need to be built in America,” Lutnick continued. The official also said he was confident that the US and China would Come with a trade deal by negotiations.
The emphasis on the national security and critical industries can signal that trade tariffs will be a long-term geostrategic policy and not just a short-term negotiation of negotiations to make some exports more attractive, as some analysts suggest.
Volatility S&P Index (VIX), a measure of volatility of S&P stock stock, remains elevated amid macroeconomic uncertainty. Source: Tradingview
The trade war increases volatility and sends markets that have fallen
Trump’s trade tariffs That -Crash the Stock and Crypto Market.
On an April 10 x PostBloomberg’s analyst Eric Balchunas cited the chart of US EQUITY’s Equity quantity More -change of mind than Bitcoin (Btc).
According to the analyst, the index of the S&P 500 struck a level of volatility of 74 in April, compared to Bitcoin’s 71.
Stocks and cryptos were pumped following the rumors of the Trump administration that began a 90-day pause of reward tariffs. More than $ 2 trillion is pumped to stocks in rumors of softer trade policies.
Most of this amount was then killed when Trump claimed that rumors of a 90-day pause were false and returned once the Trump administration did, in fact, Issue a rewarding tariff pause In the following days.
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