Trump imposes 25% tariff on imports of some advanced computing chips

Trump imposes 25% tariff on imports of some advanced computing chips


US PRESIDENT Donald Trump signed a proclamation on Wednesday to address national security concerns with respect to imports of semiconductors, and imposed a 25 per cent tariff on certain advanced computing chips, such as the Nvidia H200 and AMD MI325X, according to a fact sheet released by the White House.

This 25 per cent tariff will not apply to chips that are imported for the US technology supply chain and for boosting domestic manufacturing capacity for derivatives of semiconductors, according to the White House document.

Trump, in the near future, may also impose broader tariffs on imports of semiconductors and their derivative products to incentivise domestic manufacturing, according to the fact sheet. REUTERS

Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.



Source link

Posted in

Liam Redmond

As an editor at Forbes Europe, I specialize in exploring business innovations and entrepreneurial success stories. My passion lies in delivering impactful content that resonates with readers and sparks meaningful conversations.

Leave a Comment