The United States President Donald Trump said on Wednesday 6 August that he would store 100 % computer chips and semiconductor tariffs, but he added that companies that produce computer chips in the country will be saved. With 100 % tariffs on computer chips and semiconductors, prices of electronics, cars, household appliances and other particulars of digital age are likely to rise.
Donald Trump, who spoke in an oval office, said, “We place the tariff approximately 100% on chips and semiconductors.”
“But if you build in the United States of America, there is no fee.”
Development comes just after Donald Trump deposited another 25 % of tariffs on Indian products for Russian oil purchases, which increased combined tariffs on Earth to 50 percent.
The tariffs are about to enter in 21 days, giving India and Russia a window to negotiate with the administration of import obligations.
During the COVID-19 pandemic, the lack of computer chips increased the price of cars and contributed to the overall increase in inflation.
Demand for computer chips rises worldwide and sales increase by 19.6% in June, according to the world organization Semiconductor Trade Statistics.
Trump’s tariff threats mean a significant break from the existing plans to revive the production of computer chips in the United States. He chooses an approach that prefers the proverbial stick over carrots to motivate more production.
The President basically bet that higher chips costs most companies to open up the domestic market factories, despite the risk that tariffs could push out corporate profits and increase the prices of mobile phones, televisions and refrigerators.
Bipartisan, on the other hand Chips and science Signed by the law in 2022 Joe biden It provided more than $ 50 billion to support new computer chip races, researchers and workers training for this industry. The combination of financing support, tax loans and other financial incentives was to draw private investments, a strategy against which Trump loudly against.
(Tagstotranslate) computer chips
