On April 13, U.S. Commerce Secretary Lutnik said in an interview that electronic products that have received tariff exemptions such as smartphones, laptops and wireless headphones will be reviewed as part of a government investigation into the semiconductor industry. These products may be included in tariffs on the semiconductor industry, which may be issued in a month or two. When asked to clarify whether iPhone tariffs would "recover in about a month," Lutnik replied, "Yes. We need our medicines, semiconductors and electronics to be produced in the United States." His remarks will exacerbate uncertainty about Trump's tariff measures. Trump's tariff moves have seen a series of reversals and resulted in a massive sell-off in the $29 trillion U.S. Treasury market last week. In addition, Lutnik also mentioned that tariffs in the pharmaceutical industry will be issued within next month or two months.
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