White House says 25% semiconductor tariffs a 'phase one' action - News Summed Up

White House says 25% semiconductor tariffs a 'phase one' action


WASHINGTON, Jan ‌15 (Reuters) - The U.S. ‌Commerce Department's 25% ‌national security tariff on certain high-end semiconductors announced ‍on Wednesday is ‍a "phase one" ‌action to protect the sector ‍and ​could be followed by ⁠other announcements pending negotiations with ‌other countries and companies, ⁠a ‍White House official said on Thursday. The ‍official, speaking on condition ‌of anonymity, said President Donald Trump has previously threatened a 100% tariff on chips not made in ‌the U.S. as he seeks to build ​up semiconductor manufacturing. (Reporting by David Lawder; Editing by Chris Reese)


Source: The Star January 16, 2026 07:49 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */