Trump says he'll announce new chips tariffs over the next week
Source: Axios
Updated 10 hours ago
President Trump said Sunday he'll announce tariffs on semiconductor chips "over the next week," though he indicated he could offer flexibility to some companies.
Why it matters: The White House indicated on Friday that smartphones and computers would be exempted from the 125% import levies Trump imposed on China, where Apple assembles most of its iPhones.
Driving the news: The White House on Friday also listed semiconductors as "excepted products" from China import levies in a memorandum titled "Clarification of Exceptions Under Executive Order 14257 of April 2, 2025, as Amended."
However, Commerce Secretary Howard Lutnick told ABC News Sunday the relief for smartphones and other electronics was only temporary.
What he's saying: Trump told reporters aboard Air Force One as he traveled back to D.C. from Mar-a-Lago administration officials would discuss tariffs on products like iPhones and tablets with companies "because you have to show a certain flexibility, nobody should be so rigid."
When asked if there would be flexibility for some products, Trump replied: "For some products." He declined to say which ones. Trump earlier Sunday denied in a Truth Social post that a tariff exception had been made on Friday and said administration officials were "taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations." He told reporters on Air Force One his administration "wanted to uncomplicate it from a lot of other companies, because we want to make our chips and semiconductors and other things in our country."
Read more: https://www.axios.com/2025/04/14/trump-chip-tariffs-china

Botany
(73,843 posts)Krasnov is a nightmare.
travelingthrulife
(2,066 posts)Lovie777
(18,000 posts)impeach him.
markie
(23,307 posts)stfu about tariffs... so annoying and dangerous
Harker
(16,076 posts)It's like being hooked up to an IV bag of stupidity and insanity.
groundloop
(12,767 posts)mackdaddy
(1,750 posts)A huge billion dollar Intel plant being built in New Albany, near Columbus OH is being put on hold because the Chips Act was passed under Biden.
https://www.wosu.org/2025-03-27/amid-uncertainty-licking-county-residents-say-new-albany-intel-plant-delay-isnt-so-bad
BumRushDaShow
(150,860 posts)All of this "reinventing a wheel" that was already built and completely destroying everything already put in place.
Martin68
(25,449 posts)republianmushroom
(19,488 posts)Bluetus
(951 posts)er, I mean all the perfectly legal contributions to the PAC that has no association with Trump, but that Trump gets all the money from.