On the 3rd (local time), the United States released the list of specific items exempt from reciprocal tariffs announced the day before.
On the same day, the White House specified in the annex of an executive order hundreds of tariff-exempt items related to energy products, various rare minerals, and chemicals used in energy and vaccine manufacturing.
According to The Wall Street Journal (WSJ), the items subject to exemption total in the hundreds and are reported to be valued at $644 billion (approximately 945 trillion won) based on last year's U.S. import volume, which is considered "significant."
The day before, President Trump announced a policy of imposing reciprocal tariffs applicable to all countries and revealed some exempt items. The White House plans not to apply reciprocal tariffs to steel, aluminum, and automobiles for which tariffs have already been imposed under Section 232 of the Trade Expansion Act, as well as to semiconductors, timber, copper, and pharmaceuticals that will have tariffs imposed on a per-item basis in the future. Energy and rare minerals that cannot be produced in the U.S. are also exempt.
The exemption measures issued last month will continue to apply to products from Canada and Mexico that comply with the United States-Mexico-Canada Agreement (USMCA) standards.