Trump Says ‘Fairly Substantial’ Chips Tariffs Coming ‘Shortly’
President Donald Trump has announced that he will be imposing "fairly substantial" tariffs on semiconductor imports in the near future. However, he stated that goods from companies like Apple Inc., which have committed to increasing their investments in the United States, will be spared from these tariffs. The move is part of the administration's ongoing efforts to address the trade imbalance with China and support domestic manufacturing. Trump believes that the tariffs will help protect American jobs and industries, though the impact on consumers and the broader economy remains to be seen. The decision comes amid ongoing trade negotiations between the US and China, which have been a central focus of the Trump presidency. The administration has used tariffs as a key tool in its strategy to renegotiate trade agreements and address perceived unfair practices by other countries.
Source: For the complete article, please visit the original source link below.
