TARIFF TSUNAMI

● TARIFF RELIEF FOR ELECTRONICS ARE YOU SERIOUS

Key Points of Trump Administration’s Tariff Exemption and Global Economic Outlook

1. Key Announcements by Timeline

• April 11, 2025 (U.S. Local Time) – President Trump’s memorandum announced. Includes the exemption of certain electronic products from tariffs based on Executive Order 14257.

• April 12, Saturday, 09:36 AM (Korean Time) – U.S. Customs and Border Protection uploads document. Detailed list of exempted items according to the memorandum.

• April 12, Saturday, 10:13 PM (Korean Time) – Major U.S. media outlets begin reporting. Tariff-exempt items specified.

2. Detailed Items and Contents of Exemption

• Exempt Items: Smartphones, laptops, hard drives, computers, processors, memory, semiconductor manufacturing equipment, etc.

• Difference in Tariff Application: Exempted from the 125% tariff on China and the basic 10% tariff on other countries.

• Additional Elements: Compared to past comprehensive exceptions, this measure more clearly defines and specifies semiconductor-related products.

3. Review of Related Administrative Documents and Reports

• The same exceptions were mentioned in the reciprocal tariff executive order announced in the U.S. on April 2.

• Section 3, Subparagraph 4 of the executive order additionally presents copper, pharmaceuticals, semiconductor replication-related products, certain key minerals, and energy products.

• This announcement aims to reduce uncertainties related to global trade policies and trade policy by specifically clarifying the previously ambiguous semiconductor exceptions.

4. Perspectives on Global Economy and Market Analysis

• Impact on the Economy as a Whole: This exemption is likely to act as a positive signal for the technology sector and the electronics market.

• Changes in Global Trade Policy: It is necessary to pay attention to how the measures will be connected to trade negotiations between the U.S. and target countries, as well as China.

• Market Analysis and Economic Outlook: It is expected to affect supply chain stability and competitiveness improvement across the electronics and IT industries. Both short- and long-term economic outlooks require careful interpretation.

5. Summary of Key Contents

• The Trump administration has partially exempted tariff targets, foreshadowing significant repercussions for the electronics-related industry.

• Tariff-exempt items are specifically listed, including smartphones, laptops, computer processors, and semiconductor manufacturing equipment.

• This measure clarifies previously ambiguous exceptions and can significantly impact global market analysis and trade policy.

• Based on the latest economic data and global tariff trends, there is an increased need to reanalyze future economic prospects.

Summary: The Trump administration has specifically announced tariff exemption measures.
Through the U.S. local memorandum on April 11 and the file uploads and media reports in Korean time on April 12, it has become clear that major electronic products such as smartphones, laptops, computers, processors, and semiconductor manufacturing equipment are subject to exemption.
As a result, attention is being paid to the repercussions on the economy and economic prospects in global trade policy and market analysis.
Keywords: Economy, global, market analysis, economic outlook, trade policy.

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● Trump’s Anxiety: Market Panic!

U.S. Treasury Crisis and the Development of the Trump Tariff War

U.S. Treasury prices plummeted and interest rates soared, revealing the instability of Trump’s tariff policies.
A series of events that could have a major impact on the global economy and U.S. financial markets are occurring one after another, so this is a must-see for anyone interested in current economic trends.
This article details the background of the surge in U.S. Treasuries, the economic crisis caused by the tariff war, the trade war with China, and the domestic and political impacts in chronological order.
In particular, key issues such as rising loan rates linked to U.S. Treasuries, consumption contraction, and the possibility of economic recession will be explained in groups.
Let’s take a look at the important economic trends one by one.

1. Background of the Surge in U.S. Treasuries and the Starting Point of Trump’s Tariff Policies

The U.S. government’s push for unreasonable tariff policies with the aim of reducing the fiscal deficit has caused a major shock to the Treasury market.
As Treasury prices plummeted due to the sell-off, interest rates rose and loan rates in the U.S. rose accordingly.
The Trump administration tried to reorganize international trade through tariff policies, but in reality, it caused a major backlash in the financial market.
In this process, the financial community is evaluating that Trump has revealed unintended weaknesses.

2. Economic Crisis and Consumption Slump Caused by the Surge in Treasuries

The U.S. 10-year Treasury yield is the standard for determining various loan rates and installment rates.
A sharp rise in Treasury yields could lead to a sharp decline in consumption and investment due to soaring mortgage, auto loan, and corporate loan costs.
In addition, the interest costs that the government must bear when issuing new Treasuries increase, resulting in a contradiction to the goal of resolving the fiscal deficit.
This situation is likely to lead to a real economic recession and job losses, which could have a negative impact on financial markets around the world, not just the United States.

3. Global Trade War and China’s Role and Yuan Volatility

With the majority of global industrial production taking place in China, the U.S.’s unreasonable tariff policies could also have a major impact on the Chinese economy.
If the U.S. strengthens trade restrictions on China, China may try to lower the value of the yuan artificially to increase export competitiveness.
As a result, the global trade order is feared to be shaken as the trade war between the U.S. and China intensifies.
In particular, major trading countries such as Korea, Japan, and Germany are also difficult to escape from this influence, which could lead to a global economic crisis.

4. Political and Domestic Reaction and Financial Market Instability

Trump argued that tariff policies would help boost short-term domestic demand and reorganize global trade, but in reality, they are burdening the working class and small and medium-sized enterprises.
Signs of instability have already been detected in the financial market as financial institutions and hedge funds in the U.S. are cutting losses in advance due to the Treasury sell-off.
In the political arena, opposition and concerns about Trump’s policies are growing ahead of next year’s midterm elections, and conflicts are intensifying within the Republican Party.
This situation is likely to lead to a contraction in consumer sentiment and job insecurity among the American people, which could have a negative impact on long-term economic growth.

5. Future Prospects and Response Strategies

The U.S.’s unreasonable tariff policies and Treasury crisis could spread beyond a short-term adjustment phase to a long-term economic crisis.
As the uncertainty of the global economy increases, investors and companies must reorganize their asset portfolios and manage risks accordingly.
China can use this crisis as an opportunity to strengthen its leadership in global trade, but it must also be wary of the side effects of excessive yuan devaluation.
Governments and central banks around the world are expected to need prompt and effective policy responses to recover the economy and stabilize the market.

The plunge in U.S. Treasury prices and the rise in interest rates are providing the trigger for a global economic crisis.
Trump’s unreasonable tariff policies are increasing the possibility of U.S. loan rates, consumption contraction, and economic recession.
China’s yuan devaluation and the intensification of the trade war are destabilizing the global trade environment.
Political backlash and financial market instability are expected to have a major impact on the U.S. internally and the global economy.
In the future, each country must respond to the uncertain economic situation with prompt policy responses and risk management.
Main SEO keywords: Global economy, U.S. Treasury, Trump, Trade war, Economic crisis.

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