Trump Plans New Semiconductor Tariffs to Boost U.S. Chipmaking
Speaking on CNBC's Squawk Box, Trump said the tariffs would target semiconductors and chips as a separate category, underscoring his push to keep production in the U.S. The announcement follows an executive order imposing fresh duties on imports from multiple countries, with Taiwanese goods now set to face a 20% tariff down from the 32% initially floated in April.
Warning! GuruFocus has detected 7 Warning Signs with CPNG.
The move comes as Taiwan Semiconductor Manufacturing Co. (TSM, Financials) continues to dominate global production of advanced chips for major customers, including Apple (AAPL, Financials), Nvidia (NVDA, Financials), Qualcomm (QCOM, Financials) and Advanced Micro Devices (AMD, Financials).
Trump also signaled additional tariff hikes could be coming in other sectors, saying pharmaceutical duties might eventually reach 250%. The administration's trade agenda has increasingly leaned on tariffs as a way to influence supply chains and strengthen domestic production capacity.
This article first appeared on GuruFocus.
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