US President Donald Trump has committed himself to imposing tariffs on the import of semiconductors from companies that are unable to establish production in the United States and increase their efforts to bring critical technological production back home. He described this step as “relatively essential”.
A White House dinner with technology leaders
Trump, who spoke to dinner in a White House with higher characters from the technological sector, said the duties would be introduced in the near future.
“We will introduce the tariff very soon,” he noted, stressing that the rate would not be too high, but “sufficiently essential”.
Apple has been selected as an exception
The US President said, “Yeah, I discussed it with people here. Chips and semiconductors – we put tariffs on companies that are not coming.”
The President also suggested that Apple avoid these sanctions and point out an increased commitment to American operations. Tim Cook CEO, sitting across the table, has committed itself to increasing the company’s home investment to $ 600 billion.
The tariffs have long been central to Trump’s economic strategy, deployed as they negotiate chips in business negotiations and as a means of pressure on multinational companies for expansion in America. However, this approach has markets and tense relationships with business partners and at the same time increases global economic uncertainty.
Past plans for 100% tariff
In July, Trump floated 100 % tariff on a semiconductor import, except for companies with existing or planned factories in the US. Taiwanese manufacturer TSMC, as well as South Korean giants Samsung Electronics and SK Hynix, all announced investments in the US -based facility.
Legal challenges remain an obstacle. The Federal Court recently struck a large part of the Trump tariff program and decided that its extensive use of the 1977 emergency law exceeded its scope. Since then, the Administration has asked the Supreme Court to intervene, trying to maintain measures that have become central to its business policy.
(With Reuters inputs)
(Tagstotranslate) US President
