President Donald Trump announced that tariffs on semiconductors will be implemented in the near future, similar to those already in place for steel, aluminum, and automobiles. The goal is to boost domestic production of chips and other high-tech components. Although the administration temporarily exempted electronics like smartphones and laptops from tariffs, this move is part of a broader strategy to develop a targeted approach for the semiconductor industry. Trump emphasized the need for flexibility, especially concerning potential tariffs on devices like iPhones. The temporary exemptions are expected to benefit major tech companies such as Apple, Samsung, and Nvidia by preventing immediate price hikes on popular devices. However, uncertainty around future tariffs may still impact the market. Meanwhile, China welcomed the exemption as a small positive step but urged the U.S. to fully lift remaining tariffs. Notably, machines used in semiconductor manufacturing are excluded from the exemptions and remain subject to tariffs. #semiconductortariffs #trumpadministration #chipshortage #madeinusa #techtradewar #apple #nvidia #electronicsindustry #uschinatrade #moneycontrol Moneycontrol is Indiaβs leading financial portal, offering market news, expert analysis, and powerful tools. A part of Network18, moneycontrol.com is Indiaβs most trusted destination for financial and business news.
