Trump, tariffs on semiconductors - New measures expected to take effect next week
US President Donald Trump said he will unveil new tariffs on semiconductors and chips starting next week.
"We're going to announce semiconductors and chips, which are a special category, because we want them to be made in the United States," Trump said in an interview. He said the announcement would come "within the next week." The US leader did not provide further details about the plan.
Global demand for semiconductors and microchips has increased significantly, as the technology has been integrated into almost all sectors of the economy, including the artificial intelligence industry.
The vast majority of the world's most advanced semiconductors come from Taiwan, home to the major chipmaker TSMC, whose customers include Apple, Nvidia, Qualcomm and AMD.
Trump revealed the tariff timeline days after signing an executive order to impose new measures on imports from a wide range of countries, with some trading partners facing steep increases. Taiwanese goods will face an updated 20% tariff starting this week, though that is lower than the 32% tariff Trump had previously threatened.
The White House chief said tariffs on imported pharmaceutical products could reach up to 250%. He had previously said these taxes would reach 200%.
"I have the best polling numbers I've ever had" because "people love tariffs," Trump claimed in the interview, even though his approval rating has fallen in recent updates of many polls.
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