US House Speaker: "Automobiles and Pharmaceuticals May Be Exempt from Trump’s Reciprocal Tariffs"
Mike Johnson Signals Possible Exemptions
for Automobiles and Pharmaceuticals
in Trump's Reciprocal Tariff Policy
On February 12 (local time), Mike Johnson, Speaker of the U.S. House of Representatives and a member of the Republican Party, stated that the automotive and pharmaceutical sectors may be exempt from the reciprocal tariff policy announced by President Donald Trump.
According to Reuters and U.S. broadcaster CNBC, Speaker Johnson said regarding reciprocal tariffs that "there are certain areas where the White House will respond differently, and I expect these two sectors to be included among them."
Sources told Reuters that during a meeting with Republican members of the House on February 6, President Trump said he was considering exempting four sectors, including automobiles and pharmaceuticals, from reciprocal tariffs.
President Trump has already stated that he will impose equivalent tariffs on countries that levy tariffs on American products.
The White House announced on February 12 (local time) that President Trump is expected to unveil the reciprocal tariff policy before his scheduled summit with Indian Prime Minister Narendra Modi on February 13 (local time).
Hot Picks Today
"Could I Also Receive 370 Billion Won?"... No Limit on 'Stock Manipulation Whistleblower Rewards' Starting the 26th
- Samsung Electronics Labor-Management Reach Agreement, General Strike Postponed... "Deficit-Business Unit Allocation Deferred for One Year"
- "From a 70 Million Won Loss to a 350 Million Won Profit with Samsung and SK hynix"... 'Stock Jackpot' Grandfather Gains Attention
- OpenAI to Begin IPO Process as Early as the 22nd...Aiming for September Listing
- "Who Is Visiting Japan These Days?" The Once-Crowded Tourist Spots Empty Out... What's Happening?
Karoline Leavitt, White House spokesperson, responded to questions about President Trump's announcement by saying, "I believe it will be announced before the Prime Minister's visit tomorrow." She added, "The President himself will discuss the details of the reciprocal tariffs, but this is an issue President Trump feels very strongly about."
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.