Trump management said that the tax exemption for electronic products may be short -term. According to US Trade Minister Howard Lutnick’s statements, this exemption, which was applied to smartphone, computer and similar consumer electronics products, was implemented to be temporary instead of a long -term policy.
Crypto Money Rise Temporary
Howard Lutnick said in a statement, the current exemption application is only temporary, he said. Within the scope of a new tax regulation, a special tariff for semiconductor products within the next to two months is expected.
Howard Lutnick said: “All these products will be evaluated within the scope of the semiconductor and the goal of implementing a particular focus tariff is to promote reproduction.”
According to the explanations, the current exemption will be arranged later in the field of national security sectors, especially semiconductor and certain drug groups. The aim of this decision is to increase production in the USA and reduce dependence on imports.
The new tax regulation aims to support domestic production. Lutnick pointed out the importance of chip and flat panel production in the United States and said that domestic production is critical for economic security.
Howard Lutnick: “Chip and flat panel production must be made in the USA.”
With this regulation, it is aimed to reduce the dependence of US dependence on Asian production and to ensure national security. In this context, increasing production and technological capacity is prominent. Tariff exemption, which causes rise for crypto currencies, is probably temporary with a transient market rise.
Market and other effects
Following the explanations, short -term fluctuations were observed in crypto money markets. Bitcoin price, a short -term 1 %decrease after the horizontal movement after the previous level watched. Other crypto beings followed a similar course.
With the recent information note published by the US customs and border protection, the scope of the temporary exemption applied to existing electronic products was clarified. It is stated that the new regulation is considered a critical step in line with national security and economic production goals.
Although the opinions are that the impact of the decision on the sector in the short term may be limited, it is considered that supporting domestic production in long -term practices may serve the purpose of achieving economic assurance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
