White House says 25% semiconductor tariffs a 'phase one' actionThe official, speaking on condition of anonymity, said President Donald Trump has previously threatened a 100 per cent tariff on chips not made in the US as he seeks to build up semiconductor manufacturing.
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US President Donald Trump.
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The US Commerce Department's 25 per cent 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 per cent tariff on chips not made in the US as he seeks to build up semiconductor manufacturing.