The Trump administration is preparing new tariffs on semiconductors and pharmaceuticals, signaling another escalation in trade tensions. While temporary exemptions have been granted for certain electronic products, tariffs on Chinese imports remain high, with some reaching up to 145%.
This has caused market instability and calls for an investigation into potential conflicts of interest. Critics argue that the administration's chaotic approach, marked by promises of rapid trade deals, fails to address domestic concerns.
Trump's team defends the strategy as intentional, suggesting flexibility and strategic communication. Meanwhile, the administration indicates that exemptions for electronics could be short-lived, raising concerns about long-term impacts on tech industries.
The trade policy has also strained international relations, as allies navigate uncertainties and businesses brace for potential supply chain disruptions. Amid this turmoil, some investors remain cautiously optimistic, while others warn of potential economic downturns.
The global response highlights the complexity and far-reaching effects of Trump's trade policies, as the administration balances protectionist measures with diplomatic negotiations.
