Listen to audio brief:

On April 11, 2025, the White House issued a memorandum clarifying exceptions under Executive Order 14257, which regulates imports to address trade deficits. It specifies that semiconductor products are exempt from additional tariffs and details their classifications under the Harmonized Tariff Schedule. The memorandum also states that any duties collected on these exempt products since April 5, 2025, will be refunded according to standard customs procedures.

Original: article