US EditionTrump mulls tariffs on foreign electronics based on number of chips, sources say
The proposed tariffs would charge up to 25% on chip content in imported electronics to encourage domestic manufacturing, potentially raising consumer prices, officials said.
- On Thursday, the Trump administration is considering tariffs on foreign electronic device manufacturers based on each product's chip count, with the Commerce Department setting tariffs by chip-value percentage.
- In April, the U.S. administration probes targeted pharmaceutical and semiconductor imports, citing security worries over foreign production.
- Commerce officials are considering a 25 per cent tariff on chip-related content and a dollar-for-dollar exemption if companies move half production to the U.S.
- The measures risk increasing consumer goods prices, with economist Michael Strain warning it `could push up costs amid inflation`,
- Administration officials noted displeasure with carve-outs and exemptions, while White House spokesperson Kush Desai said reshoring aims to reduce reliance on foreign semiconductor imports.
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According to insiders, the US President Donald Trump's government is considering introducing tariffs on foreign electronic equipment to get companies to relocate their production to the US. The amount is to be based on the number of microchips installed. According to the plan, the Department of Commerce would levy a levy on imported products, which is to be measured by the number of chips, said three people familiar with the matter of the Reuter…
Washington. Donald Trump’s government is considering imposing tariffs on foreign electronic devices depending on the amount of chips contained in each device, said three people familiar with the issue, as it wants companies to move manufacturing to the United States.
Trump Mulls Tariffs On Foreign Electronics Based On Number Of Chips: Reports
The Trump administration is considering imposing tariffs on foreign electronic devices based on the number of chips in each device, according to three people familiar with the matter, as it seeks to drive companies to shift their manufacturing to US.
Trump mulls tariffs on foreign electronics based on number of chips, sources say
The Trump administration is considering imposing tariffs on foreign electronic devices based on the number of chips in each one, according to three people familiar with the matter, as it seeks to drive companies to shift manufacturing to the United States.
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