💨 Abstract

US President Trump has clarified that no exceptions are being made on trade tariffs, despite a notice exempting certain high-tech products from his "reciprocal" tariffs. He announced new semiconductor tariffs over the next week, with flexibility for some companies. China has called for the US to cancel its tariffs and return to mutual respect, amid escalating trade tensions. The new semiconductor tariffs are expected within weeks.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖