White House says 25% semiconductor tariffs are an initial step, with more possible after talks with other nations and firms.
WASHINGTON: The White House has described newly imposed 25% tariffs on certain high-end semiconductors as a “phase one” action.
A senior official stated the move is designed to protect the US semiconductor sector.
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The official, speaking anonymously, indicated further announcements could follow pending negotiations with other countries and companies.
President Donald Trump has previously threatened a 100% tariff on chips not manufactured in the United States.
This policy is part of a broader push to build up domestic semiconductor manufacturing capacity. – Reuters
