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He said President Donald Trump plans to impose a “almost 100 %” tariff on semiconductor imports, he said he said in a press justification at the White House on Wednesday.
Trump did not provide details of the tariffs on implementation or when the White House publishes official documentation and guidance.
The Trump administration is currently conducting research on semiconductor imports to evaluate their impact on national security and internal supply chain. Similar probe has resulted in a specific taxation tax for steel, aluminum and copper.
On Tuesday, Trump said he will announce the duties of semiconductors and pharmaceutical products “next week.” He said drug imports, also under the 232 studies, are at 250 % of tariffs.
The White House is underway in Section 232, including critical minerals, commercial aircraft and jet engines and trucks and medium and heavy parts.
The announcement was made on Wednesday during the oval office in which Apple CEO Tim Cook said: “The electronics giant will increase its investment in US production over the next four years.” In February, the company announced it will invest $ 500 billion.
Meanwhile, in recent months, the semiconductor manufacturer of Taiwan and the NVIDIA Artificial Intelligence giants have unveiled each of the programs for billions of dollars in the United States.
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