White House: "Steel, Automobiles, Semiconductors Excluded from Reciprocal Tariffs"
Summary
- The White House announced that steel, automobiles, and semiconductors are excluded from additional reciprocal tariffs.
- Pharmaceuticals and semiconductors are items President Trump announced tariffs on, but this time they are reported as tariff-exempt.
- Items excluded from reciprocal tariffs include copper, lumber, gold bullion, and certain minerals.
The White House explained that existing tariffed items such as steel, aluminum, and automobiles will not be subject to additional reciprocal tariffs announced by President Donald Trump on the 2nd (local time).
According to Yonhap News, the White House explained this through a press reference material on the same day.
In addition to steel, aluminum, and automobiles, items not subject to reciprocal tariffs include △ copper, pharmaceuticals, semiconductors, and lumber △ items subject to future Trade Expansion Act Section 232 △ gold bullion △ energy and certain minerals not available in the United States.
Pharmaceuticals and semiconductors are items President Trump has announced tariffs on.
Han Kyung-woo, Hankyung.com reporter case@hankyung.com
Korea Economic Daily
hankyung@bloomingbit.ioThe Korea Economic Daily Global is a digital media where latest news on Korean companies, industries, and financial markets.
