Breaking News! Trump Plans To Impose Chip Tariffs Within Two Weeks, Rates Could Reach Up To 300%!

U.S. President Trump said on Friday,Tariffs will be imposed on semiconductors in the next two weeks.This statement is the latest indication that he is preparing to significantly expand the tariff system.

“I will implement tariff policies on steel and chips next week or the week after. What I want to say is chips and semiconductors, and the specific time will be either next week or the week after."Trump told reporters on Air Force One while flying to Alaska to hold a summit with Russian President Putin."

It is currently unclear whether Trump misspoke on the issue of steel tariffs. In June, he raised tariffs on imported steel and aluminum to 50%.

This U.S. president has repeatedly promised to impose tariffs on chips and pharmaceuticals within weeks, but has yet to issue an official announcement.

Since April, these two industries have been under investigation by the Department of Commerce—this is the premise for the tariffs imposed by Trump on the grounds of national security. The process can be very complex, and the investigation may take months or even longer to complete.

Manufacturers and AI companies have been eager to understand the details of his plans regarding semiconductor tariffs, as chips are widely used in various modern consumer products.

Last week, at an event with Apple CEO Tim Cook, Trump stated that he plans to impose a 100% tariff on semiconductors, but will exempt products from companies that move their manufacturing to the United States.

The White House has not yet provided further explanation on the specific operation of the exemption mechanism, but Trump has hinted that Apple, which has pledged to invest $60 billion in domestic manufacturing plans, may be granted an exemption.

Friday,Trump hints that import tariffs on semiconductors may be higher.The tax rate I set might be200%、300%"?" Trump said.

The American president stated that he might discuss tariff issues with Putin and said he believes the Russian leader plans to bring business representatives to the summit.

"I’ve noticed that he brings many Russian business people, which is good, I approve of that, because they want to do business," Trump said.Before the Russia-Ukraine issue is resolved, they cannot do business.。”

In recent weeks, Trump has threatened to impose higher tariffs on countries purchasing Russian energy, including a commitment to impose a 50% tariff on goods imported from India to the United States. He also hinted that if the upcoming meeting does not go well, he might increase economic pressure on Russia.