US President Donald Trump said on Sunday that he would announce new tariffs on semiconductors this week. So, what should you know about it?
For your information, the move is part of the Trump administration's strategy to impose tough tariffs to address US trade issues. This is an interesting move from the US, given what happened last week.
"The tariffs will be implemented in the near future," he said, referring to the semiconductor-specific tariffs that will follow similar measures on steel, aluminum and automobiles. When asked about the tariff rate for semiconductors, he replied: "I will announce it next week (this week)".
Although some electronic products such as computers and smartphones were previously exempted from tariffs, US Commerce Secretary Howard Lutnick stated that these exemptions were temporary and that these products may be subject to separate tariffs in the near future.
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