Trade Minister Howard Lootnick marched the exemption of the recent mutual tariff for selected electronics that were announced in a bulletin on April 12 of the customs and border protection in the United States.
On April 13, Lootnick He said ABC news that exemption of mutual tariffs was temporary until the administration created a tariff system for the semiconductor products, which includes phones, graphics processors and the east of computing in a “month or two”. Lootnick added:
“President Trump summoned medicines, semi -conductors, and cars. He described them as sectoral tariffs, and those are not available for negotiation. They are just part of making sure that we guarantee that basic national security elements are made in this country.”
“We cannot rely on China on the basic things we need. Our medications and semi -conductors in America must be built,” Lottenic. The official also said that he was confident that the United States and China would reach a commercial deal through negotiations.
The focus on national security and crucial industries can indicate that the customs tariff will be a long -term geographical policy and not just a short -term negotiation tactic to make us more attractive, as some analysts suggested.
The S&P (Vix), a scale of the volatile of the S&P index, remains high amid total economic uncertainty. source: Tradingvief
Related to: Bitcoin 'Decouples “, shares lose $ 3.5T amid Trump's tariff war and warn of” high inflation “
The trade war increases fluctuations and sends market declining
Trump's commercial tariff has disrupted stock and encryption markets, as it wiped trillions of shareholders, as investors threw the most dangerous assets on fears of a long trade war between the United States and its trading partners.
In a publication on April 10, Bloomberg Erik analyst Balunas was martyred in the US -sharing record scheme in the United States as evidence that the S&P 500 stock market is now more volatile than Bitcoin (BTC).
According to the analyst, the S&P index reached 54 fluctuations of 74 in April, compared to 71 Bitcoin.
The shares and Crypto were pumped after rumors about the Trump administration, which began to stop the mutual tariffs for 90 days. Nearly $ 2 trillion was pumped into stocks on rumors about the most soft trade policies. Then a large part of this value was eliminated when Trump claimed that rumors of a temporary stop for 90 days were wrong and re -re -managed the Trump administration, in fact, a mutual tariff in the following days. magazine: Financial nihilism ended in encryption – it's time to dream again
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