Trump Claims U.S.-Made Semiconductors Will Be Safe While Foreign Ones Face Full Tariff
Trump on Manufacturing and Tariffs During a press conference in the Oval Office, President Donald Trump remarked that while imported chips and semiconductors face nearly 100% tariffs, those produced in the U.S. remain tariff-free. Since kicking off his 2024 campaign, Trump has committed to revitalizing American manufacturing, boosting job creation, and attracting foreign businesses to […]
Trump reveals full tariff on semiconductors produced abroad, risking impact on local companies
Trump Proposes 100% Tariff on Chips and Semiconductors In an announcement on Wednesday, President Trump stated his intention to impose a 100% tariff on “all chips and semiconductors.” At an event in the Oval Office with Apple CEO Tim Cook, Trump said, “We’re going to put about 100% tariffs on chips and semiconductors.” He indicated […]
Democrats criticize Lutnick for changing his stance on China and semiconductors
A coalition of House Democrats has criticized the Trump administration’s move to permit the sale of advanced Nvidia computer chips to China. In a letter sent to Lutnick on Sunday, Representatives Raja Krishnamoorthi (D-Ill.) and Gregory Meeks (D-N.Y.) expressed concerns that the administration is using export controls on semiconductors and advanced computing components as strategic […]
China drops tariffs on US semiconductors, weighs more exemptions: reports
According to reports, China has quietly exempts some semiconductors from tariffs and is considering exclusion of more of certain US industries. Taxes on at least eight classifications of US microchips have been reduced to zero. This has dropped significantly from China’s 125% retaliatory tariffs on all other US goods, Caijing reported Friday. The article was […]
We Have to Study Tariffs on Products with Semiconductors
US trade representative Jamieson Greer said on Monday’s Fox News Channel’s “Ingraham Angle” broadcast, which requires tariff research on products, including semiconductors. asked host Laura Ingraham. [relevant exchange begins around 3:45] “Well, I was a bit confused with people over the weekend, but when the president shows that he has a reprieve, Lutonic and Peter […]
Trump signals 25 percent tariffs coming on cars, semiconductors and pharmaceuticals
President Trump announced on Tuesday that he would announce tariffs on automobile, semiconductor and drug imports starting at 25% in early April. Trump told reporters at Mar Arago that it is likely that tariffs will be announced on April 2, and told the car import obligation would be “nearly 25%.” Asked about the tariffs on […]
Trump vows sweeping tariffs on oil, pharmaceuticals and semiconductors
Trump pledged on Friday to impose a semiconductor chip, pharmaceutical, steel, aluminum, oil and gas. “We are doing pharmaceuticals. The important thing is drugs and medicines. Every form of medicine and pharmaceuticals,” Trump said. “And we are very important, we are doing steel, and we are related to chips and chips.” President said he was […]
Biden Hikes Tariffs On EVs, Semiconductors, And Other Chinese Imports
U.S. President Joe Biden speaks about China’s unfair trade practices in the White House Rose Garden on May 14, 2024 in Washington, DC. On Tuesday, Biden criticized China, saying it was “cheating” instead of competing with the United States on trade. He announced significant increases in tariffs on Chinese imports, including electric cars and semiconductors. […]
Biden admin to fund $285M in development of digital twin semiconductors
The Biden administration will provide approximately $285 million in funding from the CHIPS for America program for digital twin development and research in the semiconductor industry, the Department of Commerce, and the National Institute of Standards and Technology (NIST). announced on Monday. The latest announcement regarding the Notification of Financing Opportunity is part of the […]
Stocks making the biggest moves after hours: Paramount, NXP Semiconductors, Chegg, F5 and more – CNBC
Let’s check out the companies that are becoming a hot topic for after-hours trading. Paramount Global — Shares rose less than 1% after CBS Television’s parent company announced that CEO Bob Bakish would step down and be replaced by the “Office of the CEO.” The news came as Paramount posted earnings of 62 cents a […]