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Big Tech Tariff Exemption Boosts Chip Stocks!
$TSM leads the pack as Trump admin plans exemptions on advanced semiconductors
#ChipStocks #TariffExemption #SemiconductorStocks

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Natural cork products win tariff exemption in new US-EU trade agreement Wine and spirits industry leaders welcome move as key to maintaining quality, tradition, and stable costs amid economic pressures

FYI: Natural cork products win tariff exemption in new US-EU trade agreement #NaturalCork #TariffExemption #WineIndustry #Spirits #TradeAgreement

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Tech stocks power Wall Street's gains amid hopes of tariff exemption - Reuters Tech stocks power Wall Street's gains amid hopes of tariff exemption  Reuters

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Tech shares lift Wall St futures on tariff exemption hopes (Reuters) -U.S. stock index futures rose on Thursday, pointing to fresh gains on Wall Street, on signs that major technology companies will avoid President Donald Trump’s latest tariffs on chip imports. Apple (NASDAQ:AAPL)’s shares climbed 3.2% in premarket trading, having risen 5.1% and led gains on Wall Street in the prior session, after Trump said the iPhone maker will invest an additional $100 billion in the U.S., bringing its total commitment to $600 billion over the next four years. Trump also announced a tariff of about 100% on imports of semiconductors but said it would not apply to companies that are manufacturing in the U.S. or have committed to do so. Shares of chipmakers including Nvidia (NASDAQ:NVDA), Advanced Micro Devices (NASDAQ:AMD) and Intel (NASDAQ:INTC) rose in the range of 1.2% to 2.5%. At 06:16 a.m. ET, S&P 500 E-minis were up 53.75 points, or 0.84%, Nasdaq 100 E-minis were up 197 points, or 0.84%, and Dow E-minis were up 274 points, or 0.62%. The president’s higher tariffs of 10% to 50% on dozens of trading partners took effect on Thursday. Still, expectations of policy easing by the Federal Reserve - sparked by some disappointing economic data, particularly the July payrolls report - as well as optimism around AI spending by companies have kept markets near record highs. Following the latest jobs data, traders have almost fully priced in a 25 basis point rate cut in September and expect at least two rate cuts this year, according to the CME Group’s (NASDAQ:CME) FedWatch tool. Weekly jobless claims data, due at 08:30 a.m. ET, could offer fresh clues on the health of the labor market and shift rate cut expectations. Investors are also watching for Trump’s interim replacement for Fed Governor Adriana Kugler in the coming days, amid expectations that the nominee would be a policy dove who will likely favor bringing interest rates lower. Kugler’s resignation leaves an opening at the seven-member Fed Board led by Chair Jerome Powell, who Trump has repeatedly criticized for not cutting borrowing costs. Powell’s tenure is due to end in May 2025. Second-quarter earnings barrage continued at full throttle. DoorDash (NASDAQ:DASH) topped revenue estimates and forecasted a stronger-than-expected gross merchandise value for the current quarter. Its shares jumped 8.6%. Lyft (NASDAQ:LYFT)’s quarterly revenue miss took its stock down 2.3%, even as the ride-hailing firm gave an upbeat gross bookings forecast for the September quarter. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is INTC one of them?

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Debmarine to ask US for tariff exemption  Justicia Shipena Debmarine Namibia plans to request a blanket exemption from the US government on rough and polished diamonds. CEO Willy Mertens said the US does not produce diamonds and should not impose punitive tariffs on the industry. “We are going to try and seek a blanket exemption from the US government on both rough and polished diamonds,” he said. He was speaking on Wednesday at the 2025 Mining Expo and Conference in Windhoek. The event, which runs until today, features 198 exhibitors and 335 booths,the largest in its 12-year history. The conference is held under the theme, “Mining for Namibia’s Future: Job Creation, Local Empowerment, and Economic Transformation.”  Mertens said the 15% tariff on polished diamonds entering the US is making Namibian diamonds more expensive globally.  He noted that diamonds exported as rough and processed in other countries face even higher charges. “For a Namibian diamond processed and cut and polished in Namibia, that’s going to be 15% more expensive. For a Namibian diamond that goes out as rough into India, it’s going to be 25% more expensive,” he said. He described the tariffs as a source of instability. “The uncertainty surrounding tariffs is creating instability. Now you don’t know, am I going to pay 15% extra? Or I’m going to pay 30% extra, or is it going to be 20%?” Mertens explained. This follows an executive order by former US President Donald Trump titled “Further Modifying the Reciprocal Tariff Rates.”  The order reduced tariffs on goods from several African countries, including Namibia, from 21% to 15%. In June, deputy minister of industrialisation and trade Gaudentia Kröhne warned that the tariff reduction could hurt trade momentum and threaten economic opportunities under the African Growth and Opportunity Act (AGOA). By mid-2023, Debmarine’s contributions to the state dropped from nearly N$6 billion to just over N$2 billion.  The decline was linked to falling global diamond prices and competition from lab-grown diamonds. In April, Simonis Storm economists said the tariffs were part of a broader protectionist trend that could trigger inflation in Namibia.  They warned that tariffs on key exports such as diamonds, uranium, and fish could harm competitiveness in the US market, reduce export volumes, and lower foreign exchange earnings. However, with the current  tariff set at 15%, some economists believe the impact on Namibia’s export sector may be limited.

#Debmarine #Diamonds #TariffExemption #MiningExpo #EconomicTransformation

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Airbus devrait échapper aux droits de douane Selon les propos d’un porte-parole de la Commission européenne rapportés par BFM TV, Washington et Bruxelles pourraient conclure un accord préliminaire sur les droits de douane. Cet accord imposerait ...

Airbus pourrait être exempté des droits de douane US malgré les taxes de 10 %, grâce à son usine de Mobile, Alabama 🇺🇸
www.gifas.fr/press-summar...
#Space #Innovation #Science
#AerospaceEngineering #TradeDeal #Airbus
#MobileAlabama #TariffExemption #WTO
#AeroTradeEmerging

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Americans are getting their first glimpse of life with tariffs (Quartz) Already unhappy American shoppers will now see much higher prices on a lot of formerly low-cost goods, due to the expiration on Friday of a long-time tariff...

American shoppers will now see much higher prices on a lot of formerly low-cost goods, due to the expiration of a long-time #tariffexemption on imported goods that cost less than $800. The #deminimisexemption, expired May 2, and President Donald Trump’s 145% tariff went into immediate effect.

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China low-value package tariff exemption ends but questions remain over US collections By David Lawder and Lisa Baertlein WASHINGTON/LOS ANGELES (Reuters) -The Trump administration ended U.S. duty-free access for low-value shipments from China and Hong Kong on Friday, removing the "de minimis" exemptions availed of by Shein, Temu and other e-commerce firms as well as traffickers of fentanyl and other illicit goods. The action restores an executive order from President Donald Trump in February that was quickly suspended due to a lack of screening procedures for sub-$800 shipments that sparked chaos at airports and caused millions of packages to pile up. U.S. Customs and Border Protection has "a massive task at hand" but is ready to handle the enforcement and collection of Trump’s tariffs on small Chinese shipments, a spokesperson for the agency said. "We are prepared and equipped to carry out enhanced package screening and enforce orders effectively as outlined" in Trump’s executive order ending de minimis treatment for China, the spokesperson added. The new procedures should not affect passenger wait times at airports and ports of entry, the spokesperson said. The packages are handled in the cargo section of airports, even when they arrive in the bellies of passenger planes. Under CBP’s latest guidance, shipments from China and Hong Kong regardless of size will now be subject to Trump’s new tariffs of 145% plus any prior duties, except for products such as smartphones which were excluded last month. These will largely be handled by express shippers such as FedEx (NYSE:FDX), United Parcel Service (NYSE:UPS) or DHL, which have their own cargo handling facilities. Items valued at up to $800 and sent from China via postal services are treated differently. They are now subject to a tax of 120% of the package’s value or a flat fee of $100 per package - an amount that rises to $200 in June. COLLECTIONS AT TAKE-OFF The U.S. Postal Service said it would not be involved in any duty collections. Instead, a USPS spokesperson said, airlines and vessel operators would need to work with shippers and Chinese postal authorities to pay the import taxes and show proof before the goods are transported out of China or Hong Kong. Although de minimis is a Latin term referring to matters of little importance, low-value shipments from China to the U.S. reached an estimated $5.1 billion in 2024, according to U.S. Census Bureau data. That made it the seventh-largest U.S. import category from China, behind video game consoles, but just ahead of computer monitors. Shippers were bracing for more package chaos, and some questioned whether airlines were prepared to handle duty collection from China Post and Hongkong Post. "We have the same worry about bottlenecks," said Kate Muth, executive director of the International Mailers Advisory Group (IMAG), whose members include Amazon.com (NASDAQ:AMZN), eBay (NASDAQ:EBAY) and divisions of United Parcel Service, FedEx and DHL. "I don’t think we’re ready for the change because we’re still awaiting some clarification around the rules," including how to define Chinese origin for goods that are shipped from other countries, Muth said. FORMAL ENTRY SHIFT A late change in the CBP’s guidance took away a major complication for shippers, but created a potential new hurdle to enforcement as CBP temporarily suspended a rule that would have required formal customs entry for all shipments valued at over $250 containing goods that are also subject to punitive tariffs. Formal customs entry, normally associated with larger, containerized cargo, requires full 10-digit tariff codes for all items, advance electronic transmission of entry data and a bond to cover for customs liability. And it would have applied to many other countries now subject to U.S. tariffs imposed by Trump, creating a potential new crush of administrative paperwork for shippers. Instead, the suspension allows the use of informal entry procedures for shipments from China and Hong Kong valued at up to $800 and up to $2,500 from elsewhere, requiring no tariff codes and a less detailed contents description. Lori Wallach, director of Rethink Trade, which has advocated an end to the de minimis exemption, said the use of informal entry would make it harder to screen packages. Trump ended the de minimis exemption for China largely because it was being used for largely unscreened low-value shipments containing fentanyl precursor chemicals into the U.S., a phenomenon documented in a Reuters series about fentanyl.

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FAFO. 😄
Welcome to reward or punishment #shakedown #Fascism.

#TrumpTax #Tariffs #TariffExemption #RewardOrPunish #Apple #MobExtortion #MAGALies #Trump #8647

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FAFO. 😄
Welcome to reward or punishment #shakedown #Fascism.

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Click Subscribe. #USTariffs #ChinaTrade #TariffExemption #TradeWar #EconomicNews

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Canada Gives Tariff Exemption to Automakers That Stay in Country Canada will help domestically based auto makers by waiving some of the counter-measures it has imposed on U.S. imports, the federal finance ministry said on Tuesday. “The remission granted to these co...

#PMMARKCARNEY states #automakers that keep their #operations going in #Canada, will get #tariffexemption. #cdnpoli #CdnAutoExemption #CDNAuto

ground.news/article/cana...

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Toyota and other Asia auto stocks surge after Trump says he is considering a tariff exemption - markets.businessinsider.com Toyota and other Asia auto stocks surge after Trump says he is considering a tariff exemption  markets.businessinsider.com

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Trump says he might give tariff exemption to Canadian auto parts U.S. president Donald Trump says he's considering exempting auto parts from wide-ranging tariffs — at least temporarily.

#Trump says he might give #TariffExemption to #Canadian #AutoParts

Good idea because ya think 🤔 www.thestar.com/rolling-file...

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“TECHNOLOGY AND ELECTRONICS
47 Admin Walks Back #TariffExemption On Electronics
U.S. Customs and Border Protection claimed late on Friday that imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs.
By Taiyler S. Mitchell
Apr 13, 2025, 04:50 PM EDT, 564 COMMENTS

President Donald Trump and White House officials walked back a Friday announcement that there would be tariff exemptions on imported electronics.
In a Truth Social post on Sunday, Trump directly denied the tariff exemption announcement.
“NOBODY is getting ‘off the hook’ for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst! There was no Tariff ‘exception’ announced on Friday,” he said, adding that Americans can look forward to “more and better paying Jobs, making products in our Nation, and treating other Countries, in particular China, the same way they have treated us” as a result of his agenda.

Trump also said that the National Security Tariff Investigations will be reviewing “the WHOLE ELECTRONICS SUPPLY CHAIN.”
Correspondingly, U.S. Trade Representative Jamieson Greer indicated that semiconductor tariffs were “not really an exception,” in an interview on CBS News’ “Face The Nation.
“We certainly need to have semiconductors, and the downstream electronics supply chain move to the United States. What happened is- it’s not really an exception. That’s not even the right word for it,” Greer said. “So, it’s not that they won’t be subject to tariffs geared at reshoring. They’ll just be under a different regime. It’s shifting from one bucket of tariffs to a different bucket of potential tariffs.”

“TECHNOLOGY AND ELECTRONICS 47 Admin Walks Back #TariffExemption On Electronics U.S. Customs and Border Protection claimed late on Friday that imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs. By Taiyler S. Mitchell Apr 13, 2025, 04:50 PM EDT, 564 COMMENTS President Donald Trump and White House officials walked back a Friday announcement that there would be tariff exemptions on imported electronics. In a Truth Social post on Sunday, Trump directly denied the tariff exemption announcement. “NOBODY is getting ‘off the hook’ for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst! There was no Tariff ‘exception’ announced on Friday,” he said, adding that Americans can look forward to “more and better paying Jobs, making products in our Nation, and treating other Countries, in particular China, the same way they have treated us” as a result of his agenda. Trump also said that the National Security Tariff Investigations will be reviewing “the WHOLE ELECTRONICS SUPPLY CHAIN.” Correspondingly, U.S. Trade Representative Jamieson Greer indicated that semiconductor tariffs were “not really an exception,” in an interview on CBS News’ “Face The Nation. “We certainly need to have semiconductors, and the downstream electronics supply chain move to the United States. What happened is- it’s not really an exception. That’s not even the right word for it,” Greer said. “So, it’s not that they won’t be subject to tariffs geared at reshoring. They’ll just be under a different regime. It’s shifting from one bucket of tariffs to a different bucket of potential tariffs.”

On the other hand, Commerce Secretary Howard Lutnick said Trump’s tariff exemption on imported electronics is only temporary.
According to Lutnick in a Sunday interview on “This Week” with Jonathan Karl, electronics will be included in semiconductor tariffs, which will likely be enforced within a month or two.
Trump, Greer and Lutnick’s remarks on Sunday come in direct contrast with communication from U.S. Customs and Border Protection late on Friday that claimed imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs.

“We can’t be beholden and rely upon foreign countries for fundamental things that we need,” Lutnick added. “So this is not like a permanent sort of exemption. [Trump is] just clarifying that these are not available to be negotiated away by countries. These are things that are national security that we need to be made in America.”
The exemption would have been great news for big tech companies that manufacture many of their products abroad — as Apple does in China.
According to a statement from White House press secretary Karoline Leavitt, “These companies are hustling to onshore their manufacturing in the United States as soon as possible.”

“President Trump has made it clear America cannot rely on China to manufacture critical technologies such as semiconductors, chips, smartphones, and laptops. That’s why the President has secured trillions of dollars in U.S. investments from the largest tech companies in the world, including Apple, (Taiwan Semiconductor Manufacturing Company), and Nvidia,” Leavitt said in the statement, according to CNN on Saturday.

On the other hand, Commerce Secretary Howard Lutnick said Trump’s tariff exemption on imported electronics is only temporary. According to Lutnick in a Sunday interview on “This Week” with Jonathan Karl, electronics will be included in semiconductor tariffs, which will likely be enforced within a month or two. Trump, Greer and Lutnick’s remarks on Sunday come in direct contrast with communication from U.S. Customs and Border Protection late on Friday that claimed imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs. “We can’t be beholden and rely upon foreign countries for fundamental things that we need,” Lutnick added. “So this is not like a permanent sort of exemption. [Trump is] just clarifying that these are not available to be negotiated away by countries. These are things that are national security that we need to be made in America.” The exemption would have been great news for big tech companies that manufacture many of their products abroad — as Apple does in China. According to a statement from White House press secretary Karoline Leavitt, “These companies are hustling to onshore their manufacturing in the United States as soon as possible.” “President Trump has made it clear America cannot rely on China to manufacture critical technologies such as semiconductors, chips, smartphones, and laptops. That’s why the President has secured trillions of dollars in U.S. investments from the largest tech companies in the world, including Apple, (Taiwan Semiconductor Manufacturing Company), and Nvidia,” Leavitt said in the statement, according to CNN on Saturday.

The news is the latest in Trump’s tariff back and forth with dozens of other countries. Trump announced a bulk of his so-called “reciprocal tariffs” on April 2, a day which he dubbed “Liberation Day.” Days later, however, he then implemented a 90-day pause on the Liberation Day tariffs, leaving behind a basic 10% tariff on most countries. But Trump has put 145% tariffs on China.
People in the business world took to social media in response to Lutnick’s interview and Trump’s ever-evolving tariff policies, according to Mediaite.

Fox Business correspondent Charles Gasparino said on X that CEOs and investors he has talked to have called Trump’s tariff policies “a sad, scary and at times, silly spectacle.”
“Plus they will say Howard Lutnick is a horrible spokesman for whatever trade regime the White House comes up with,” Gasparino added.
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“So Lutnick says we are zigging and zagging on the electronic and technology tariffs,” Anthony Scaramucci, entrepreneur and former White House Director of Communications, wrote on X. “It’s ok to admit at this point that they have no idea what they are doing.”

“This is really mind-boggling. If this was serious industrial policy, the main thing you want is certainty: ‘Here’s the tariff, it will be in place for the indefinite future, and you should plan accordingly,’” Dean Baker, an economist at the Center for Economic and Policy Research, a left-leaning think tank, said, according to The Washington Post. “Here, it’s basically: ‘Come back next week and see what we’ve got.’ That’s no way to run an economy.”

The news is the latest in Trump’s tariff back and forth with dozens of other countries. Trump announced a bulk of his so-called “reciprocal tariffs” on April 2, a day which he dubbed “Liberation Day.” Days later, however, he then implemented a 90-day pause on the Liberation Day tariffs, leaving behind a basic 10% tariff on most countries. But Trump has put 145% tariffs on China. People in the business world took to social media in response to Lutnick’s interview and Trump’s ever-evolving tariff policies, according to Mediaite. Fox Business correspondent Charles Gasparino said on X that CEOs and investors he has talked to have called Trump’s tariff policies “a sad, scary and at times, silly spectacle.” “Plus they will say Howard Lutnick is a horrible spokesman for whatever trade regime the White House comes up with,” Gasparino added. We Don't Work For Billionaires. We Work For You. Big money interests are running the government — and influencing the news you read. While other outlets are retreating behind paywalls and bending the knee to political pressure, HuffPost is proud to be unbought and unfiltered. Will you help us keep it that way? You can even access our stories ad-free. SUPPORT HUFFPOST Already contributed? Log in to hide these messages. “So Lutnick says we are zigging and zagging on the electronic and technology tariffs,” Anthony Scaramucci, entrepreneur and former White House Director of Communications, wrote on X. “It’s ok to admit at this point that they have no idea what they are doing.” “This is really mind-boggling. If this was serious industrial policy, the main thing you want is certainty: ‘Here’s the tariff, it will be in place for the indefinite future, and you should plan accordingly,’” Dean Baker, an economist at the Center for Economic and Policy Research, a left-leaning think tank, said, according to The Washington Post. “Here, it’s basically: ‘Come back next week and see what we’ve got.’ That’s no way to run an economy.”

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“47 Admin Walks Back #TariffExemption On Electronics
U.S. Customs and Border Protection claimed .. imported electronics, such as smartphones, laptops and more, would be exempt from Trump’s tariffs.
By Taiyler S. Mitchell
Apr 13, 2025, 04:50 PM EDT,
See alt texts
www.reddit.com/r/politics/s...

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Wall Street week ahead: Tech stocks in focus after tariff exemption on consumer electronics, investors eye economic data - Mint Wall Street week ahead: Tech stocks in focus after tariff exemption on consumer electronics, investors eye economic data  Mint

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Just signed an executive order exempting smartphones & electronics from Chinese tariffs to keep prices low for Americans. We’re fighting for you! DonaldTrump #TariffExemption #MadeForThePeople

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Dow Jones Futures: Will Apple, Techs Rally On Big Trump Tariff Exemption? Palantir Leads 7 Stocks To Watch - Investor's Business Daily Dow Jones Futures: Will Apple, Techs Rally On Big Trump Tariff Exemption? Palantir Leads 7 Stocks To Watch  Investor's Business Daily

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Apple is praying for a tariff exemption, while planning for the worst Blog Mobile Portfolio Widgets About Us Advertise Help & Support Authors Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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FTSE 100 pharma giants GSK and Astrazeneca appear to swerve Trump tariffs FTSE 100 giants GSK and AstraZeneca appear to be exempt from higher-rate Trump tariffs according to the City.

#Pharma #Pharmaceuticals #ASTRAZENECA #DONALDTRUMP #EXPORTS #FTSE #FTSE100 #GSK #TARIFFS #PharmaIndustry #pharmagiants #Trumptariffs #Pharmaceuticalgoods #tariffexemption #higherratetariffs #healthcareequity #ReciprocalTariffs #pharmaceuticalsupplychains
www.cityam.com/ftse-100-pha...

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Pharma stocks survive market rout on tariff exemption, but uncertainty continues By Maggie Fick and Kashish Tandon LONDON/BENGALURU (Reuters) -Drugmaker stocks gained a temporary reprieve on Thursday as U.S. President Donald Trump spared pharmaceutical products from reciprocal tariffs, but executives and analysts warned it was premature to celebrate as tariffs were still likely to come. Trump imposed a 10% tariff on most U.S. imports, as well as much higher levies on dozens of rivals and allies alike, but temporarily exempted some goods, including pharmaceuticals, benefiting major exporters including India, Japan and Ireland. Shares of U.S. drugmakers were mostly trading flat before the market open compared to a market rout in other sectors. AbbVie (NYSE:ABBV) and Johnson & Johnson (NYSE:JNJ) rose marginally, while Pfizer (NYSE:PFE) and Biogen (NASDAQ:BIIB) fell 1%. Asian healthcare stocks surged, led by Indian generic drugmakers, defying the broader market drop. European healthcare stocks also outperformed. British drugmakers GSK and AstraZeneca (NASDAQ:AZN) rose between 2% and 3%, reflecting the relief that pharmaceutical products for now remained out of the crosshairs of the trade wars. A U.S. official said on Wednesday the president plans separate tariffs targeting the pharma sector. Trump in his White House Rose Garden announcement once again namechecked the industry, predicting that pharma companies will come "roaring back" to the U.S, and warning if they don’t, "they got a big tax to pay". "The administration has reinforced the need to maintain robust and resilient domestic manufacturing capacity in pharmaceuticals," Stephen Farrelly, global pharma & healthcare lead at ING. "So it is being highlighted as a sector they needs to reshore." WORRIES PERSIST Many in the industry predicted the recent uncertainty over tariffs would continue to cast a shadow over drugmakers. "The only thing that feels certain is more uncertainty," Barclays analyst Emily Field told Reuters. One source at a European drugmaker said the sense on pharma sector tariffs was: "It’s not today, but it’s coming." Trump’s executive order listed pharmaceuticals alongside lumber, semiconductors and other sectors that could be subject to investigation under Section 232 of the 1962 U.S. Trade Act. U.S. manufacturing costs for pharma companies will rise as country-specific tariffs will affect key supplies such as organic chemicals and glassware used to make pharma products, Bernstein analysts said in a note. They calculated an additional $45 billion of import cost risk to the pharma industry. Jefferies analysts said Biogen and Amgen (NASDAQ:AMGN) were among the drugmakers with most ex-U.S. exposure, while UBS pointed to AbbVie and Merck (NSE:PROR) having significant overseas manufacturing. Medical devices and diagnostics equipment did not appear to be exempted. Shares of companies such as GE Healthcare and DexCom (NASDAQ:DXCM) fell 3% in premarket trading. Medical device industry group AdvaMed said the tariffs would likely lead to cuts in research and development spending and threatened the U.S. position as a leader of innovation in the medtech sector.

Click Subscribe #PharmaStocks #MarketNews #TariffExemption #StockMarket #Investment

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UK working to secure tariff exemption amid U.S. trade war escalation- FM Investing.com -- The United Kingdom (TADAWUL:4280) is intensifying efforts with the United States to secure an exemption from tariffs, aiming to avoid escalating the ongoing trade war, according to the country’s finance minister, Rachel Reeves. Her comments come in response to U.S. President Donald Trump’s recent decision to impose a 25% tariff on imported vehicles, a move that has drawn criticism and retaliation threats from affected U.S. allies. Reeves, in an interview with Sky News, stated that the UK is not currently seeking to escalate the trade wars, emphasizing that such wars are detrimental to all involved parties. She further noted that an increase in tariffs would have negative impacts not only for the UK but also for the U.S. The finance minister stressed that the UK is diligently working to secure a beneficial deal in the coming days. The U.S. administration said yesterday that it is set to implement new levies on cars and light trucks effective April 3, following an announcement of reciprocal tariffs targeting countries contributing significantly to the U.S. trade deficit. These tariffs are in addition to those previously introduced on steel and aluminium, as well as goods from Mexico, Canada, and China. The UK has been hopeful of avoiding tariffs with the U.S., pointing out that both nations report trade surpluses with each other across goods and services, due to measurement differences. As part of its efforts, London is also seeking to negotiate a tech-focused deal with Washington, with the aim of potentially avoiding direct tariffs on its own exports.

Click Subscribe. #TradeWar #USTariffs #UKTrade #Economy #TariffExemption

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Trump has allowed a one-month tariff exemption for auto parts imports News from earlier is here: * Trump slaps a 25% tariff on all cars not made in the USA * The USD has risen after Trump's announcement of 25% tariff on all autos not made in USA * Recap of Trump's 25% auto tariff on foreign-made cars starting April 2nd Now hearing that ther will be a 1 month exemption for auto parts imports, through to May 3. Tariff ping pong news continues This article was written by Eamonn Sheridan at www.forexlive.com.

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