Korean Shipbuilder Hanwha Seizes Chance to Build US LNG Tankers
Hanwha Shipping's expansion comes after the US Trade Representative on Thursday unveiled a proposal that would impose fees on Chinese-built vessels at US ports after a six month grace period. The plan also requires LNG carriers exporting US fuel to be flagged and built in the country.
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Yahoo
7 minutes ago
- Yahoo
Trump says semiconductors will face 100% tariff unless companies build in US
President Trump said that he will implement a 100% tariff on semiconductors manufactured overseas unless the companies have committed to build in the US. Trump made the announcement during a press event in the Oval Office alongside Apple (AAPL) CEO Tim Cook who was on hand to unveil an additional $100 billion investment in research and manufacturing in the US. "The good news for companies like Apple is, if you're building in the United States, or have committed to build, without question, committed to build in the United States, there will be no charge," Trump said. The semiconductor tariff is a part of the Trump administration's Section 232 national security investigation into chip manufacturing. According to Trump, if a company says it will build in the US, but doesn't, it will once again face tariffs as well as back tariffs. The tech industry has been waiting on tenterhooks to find out what semiconductor tariffs would look like, and whether they would apply to individual semiconductors or to chips built into devices. Additional tariffs could drive up the price of everything from smartphones and laptops to home electronics and more. Apple also is also expected to dodge Trump's newest tariffs on India, which could reach as much as 50% in three weeks, with a White House official saying that the company wouldn't have to deal with the bulk of the tariffs. Email Daniel Howley at dhowley@ Follow him on X/Twitter at @DanielHowley. Sign in to access your portfolio
New York Post
8 minutes ago
- New York Post
GOP Sen. Tom Cotton questions new Intel CEO Lip-Bu Tan over alleged ties to Chinese military
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Forbes
9 minutes ago
- Forbes
U.S. Will Place 100% Tariff On Chips And Semiconductors, Trump Says
President Donald Trump announced Wednesday a 100% tariff on chips and semiconductors, saying companies like Apple would receive exemptions for producing goods in the U.S. Trump made the announcement Wednesday. (Photo by) Getty Images Trump said the 100% tariff on all chips and semiconductors being exported to the U.S. could be avoided by companies if they have 'made a commitment to build or if you are in the process of building' manufacturing plants on U.S. soil. This is a developing story. Check back for updates.
