Trump Announces 25 Percent Tariff on Chips Not Used Domestically

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Chips that are transshipped through the United States to other countries will be subject to the tariff, the White House says.

WASHINGTON—President Donald Trump on Jan. 14 signed an executive order to impose a 25 percent tariff on semiconductors imported into the United States that are not used domestically.

The executive action is part of a Section 232 trade investigation into semiconductor imports.

Under the order, semiconductors imported into the United States but not used domestically to build out the U.S. artificial intelligence or computing architecture will be subject to the 25 percent tariff, according to the White House.

The chips that are “transshipped through the United States to other foreign countries, would be subject to that 25 percent tariff,” White House staff secretary Will Scharf told reporters during a meeting in the Oval Office.

The president also signed another order to establish a process to help the United States secure its international supply chain for critical minerals and related products.

This is a developing news story and will be updated.

By Emel Akan

Read Full Article on TheEpochTimes.com

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