U.S. President Donald Trump speaks from the Oval Office of the White House, flanked by U.S. Commerce Secretary Howard Lutnick, connected the time helium signs enforcement orders for reciprocal tariffs, successful Washington, D.C., connected Feb. 13, 2025.
Kevin Lamarque | Reuters
The Trump medication volition denote the results of a nationalist information probe into imports of semiconductors successful 2 weeks, Commerce Secretary Howard Lutnick said connected Sunday, arsenic President Donald Trump suggested higher tariffs were connected the horizon.
Lutnick told reporters aft a meeting betwixt Trump and European Commission President Ursula von der Leyen that the probe was 1 of the "key reasons" the European Union sought to negociate a broader commercialized statement that would "resolve each things astatine 1 time."
Trump said galore companies would beryllium investing successful semiconductor manufacturing successful the United States, including immoderate from Taiwan and different places, to debar getting deed by caller tariffs.
He said von der Leyen had avoided the pending chips tariffs "in a overmuch amended way."
Trump and von der Leyen announced a caller model trade agreement that includes across-the-board 15% tariffs connected EU imports entering the United States.
Trump said the statement included autos, which look a higher 25% tariff nether a abstracted sectoral tariff action.
In April, the Trump medication announced that it was investigating whether the extended reliance connected overseas imports of pharmaceuticals and semiconductors posed a nationalist information threat.
The probe, being conducted nether Section 232 of the Trade Expansion Act of 1962, could laic the groundwork for caller tariffs connected imports successful some sectors.
The Trump medication has begun abstracted investigations nether the aforesaid instrumentality into imports of copper and lumber. Earlier probes completed during Trump's archetypal word formed the ground for 25% tariffs rolled retired since his instrumentality to the White House successful January connected alloy and aluminum and connected the car industry.
Trump has upended planetary commercialized with a bid of assertive levies against trading partners, including a 10% tariff that took effect successful April, with that complaint acceptable to summation sharply for astir larger trading partners from August 1.
The U.S. relies heavy connected chips imported from Taiwan, a information that Democratic erstwhile President Joe Biden sought to code during his word by awarding billions of dollars successful Chips Act funds to lure chipmakers to grow accumulation successful the United States.
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