Trump to Signal New US Tariffs on Semiconductors Within Days

President Donald Trump has revealed plans to unveil new tariffs on imported semiconductors within the next week, introducing sector-specific levies distinct from the broader trade measures already outlined. These tariffs aim to reshape the electronics supply chain, with a focus on chips, which are critical components in devices like smartphones and computers. Trump hinted at flexibility for certain companies, suggesting some exemptions might apply, with further details expected soon.

The announcement follows a brief tariff exemption for various electronics, including smartphones and certain chips, which was introduced just days ago but is now described as temporary. The White House is reclassifying these goods under a new semiconductor-focused tariff category, driven by national security concerns. An investigation into the broader electronic supply chain is also underway, emphasizing the strategic importance of domestic chip production.

The looming tariffs have sparked uncertainty in the tech sector, with stocks of major players like Apple and Nvidia taking a hit amid fears of disrupted supply chains. The administration’s push to bring manufacturing back to the US could raise costs and delay production, as most chips are currently made in Asia. Meanwhile, China has responded cautiously, viewing the temporary exemptions as a step toward easing trade tensions but urging the US to reconsider its broader tariff strategy.