The Secretary of Commerce, Howard Lutnick, returned to the recent exemption of recent rates in the selected electronics announced in a April 12 newsletter of Customs and border protection in the United States.
On April 13, Lutnick told ABC News that the exemption of reciprocal rates was temporary until the administration established a sector tariff regime for semiconductor products, which includes phones, graphic processors and computer chips in a “month or two”. Lutnick added:
“President Trump has called for pharmaceutical products, semiconductors and cars. He called them sector tariffs, and are not available for negotiation. They will simply be part of making sure we make sure that basic basic security articles are made in this country.”
“We cannot trust China for the fundamental things we need. Our medications and our semiconductors must be built in the United States,” Lutnick continued. The official also said that he trusted that the United States and China would reach a commercial agreement through negotiations.
The emphasis on national security and critical rolling industries could indicate that commercial tariffs will be a long -term geostrategic policy and not simply a short -term negotiation tactic to make US exports more attractive, as some analysts have suggested.
The Voatility S&P index (VIX), a measure of the volatility of the S&P stock index, remains high in the middle of macroeconomic uncertainty. Fountain: Commercial view
Related: Bitcoin ‘Decouppos,’ Stocks lose $ 3.5T in the middle of Trump’s tariff war and the Fed warning of ‘greater inflation’
The commercial war increases volatility and sends to markets turning
Trump’s commercial tariffs crashed shares and cryptographic markets, eliminating billions of value to shareholders as investors threw more risky assets for fear of a long commercial war between the United States and its commercial partners.
In a position of April 10 X, the Bloomberg analyst Eric Balchunas cited the Volume of Capital History of Spy Us as evidence that the S&P Securities Market Index 500 is now more volatile than Bitcoin (BTC).
According to the analyst, the S&P 500 index reached a volatility level of 74 in April, compared to the 71 of Bitcoin.
The actions and cryptography pumped after the rumors of the Trump administration that initiated a 9 -day reciprocal rate pause. Approximately $ 2 billion pumped to the shares in rumors of softer commercial policies.
Much of this value was eliminated when Trump said that the rumors of a 90 -day pause were false and returned once the Trump administration, in fact, issued a reciprocal rate pause in the following days.
Magazine: Financial Nihilism in cryptography is over, it’s time to dream again
