US President Donald Trump Announces Plans For Tariff On Computer Chips: 'Not That High, But Substantial!'
(MENAFN- Live Mint) US President Donald Trump has pledged to impose tariffs on semiconductor imports from companies that fail to set up manufacturing in the United States, stepping up his efforts to bring critical technology production back home. He described the move as“fairly substantial.”
Speaking at a White House dinner with senior figures from the technology sector on Thursday, Trump said the duties would be introduced in the near future.
“We will be putting a tariff very shortly,” he remarked, while stressing that the rate would not be excessively high but“substantial enough”.
(This is a developing story; check for more updates later)
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