The White House’s Stephen Miller — who is prickly at the best of times — is out with a tweet noting that 20% fentanyl tariffs still apply to China.
He wrote this in response to a Washington Post article:
Washington Post: maybe your reporters should try reading before posting. These products are subject to the tariff under the original IEEPA on China of 20 percent.
That’s a bit rich from a White House that’s changing the tariff regime daily.
In any case, it might curb some of the weekend enthusiasm. A White House spokesman also said that a Section 232 investigation on semiconductors is coming soon so it’s only a matter of time until more tariffs come for semiconductors.
This article was written by Adam Button at www.forexlive.com.
