$BTC ### **1. Latest Developments in the U.S. Semiconductor Tariff Policy**

1. **Temporary Exemptions and Subsequent Plans**

- The U.S. Customs and Border Protection announced on April 11 that it will temporarily exempt electronic products such as smartphones, computers, and chips from "reciprocal tariffs," but Secretary of Commerce Gina Raimondo clearly stated that this exemption is a **temporary measure**. Targeted tariffs based on the semiconductor industry will be implemented for these products within the next 1-2 months to promote the return of manufacturing to the U.S.

- The Trump administration plans to impose tariffs on semiconductors and the entire electronic supply chain through a “national security tariff investigation” (possibly citing Section 232), with specific rates expected to be **announced within the next week** and anticipated to be around 25%.