WSJ What’s News Chips, Juice and Airplanes - Exemptions Confuse as Tariffs Kick In
24 snips
Aug 7, 2025 
John Emont, a Senior reporter at the Wall Street Journal, dives into the tangled landscape of tariffs and global trade dynamics. He discusses President Trump’s sweeping tariffs, particularly the 100% levy on chips and its exemptions for U.S. investments. Emont reveals how these tariffs are shaking the auto industry and affecting developing nations like Indonesia. The conversation also touches on the U.S.-Indonesia trade relationship, highlighting unique export challenges, and examines United Airlines’ recent operational hurdles amidst these changes.
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Tech Stocks Gain Despite Tariffs
- Tech stocks gain after exemptions for US investment soften impact of 100% chip tariffs.
- Markets seem optimistic about nuanced trade policies balancing tariffs and exemptions.
Confusing Tariff Exemptions Abound
- Tariffs have a baseline global impact but are riddled with sector-specific exemptions.
- This "Swiss cheese" pattern causes confusion and ongoing negotiations in trade war dynamics.
Auto Industry Faces Fragmentation
- Trade war causes $12 billion losses for automakers, with Toyota reporting $3.1 billion cut.
- Industry is fragmenting into regional hubs, reinforcing local production strategies.