The United States President Donald Trump announced on Sunday that he would unveil new tariffs on semiconductors “within the next week,” continuing his push to impose heavy levies in an effort to address trade concerns.
Trump stated that an announcement about possible tariffs on iPhones would be made soon, but stressed the need for “some flexibility.”
He also noted that certain companies might have flexibility with semiconductor tariffs, though specifics were not yet provided.
Trump reiterated that semiconductor tariffs would be implemented in the “not distant future.” When asked about the tariff rate, he responded, “I’m going to be announcing it over the next week.”
Earlier, Trump cautioned that no country, particularly China, would be exempt from the effects of tariffs, emphasizing that recent exemptions on items like smartphones and semiconductors were only temporary.
While the U.S. had eased pressure by excluding key electronics, benefiting companies like Apple and Nvidia, Trump and his top aides made it clear that many of these items would soon be subject to sector-specific tariffs as part of a new national security investigation.
Tariff rates on Chinese goods have surged to 145%, with Beijing responding by imposing a 125% tariff on U.S. imports.
Despite a brief reprieve for tech products, Trump reaffirmed his tough stance, promising more details soon.
Commerce Secretary Howard Lutnick announced that semiconductor and pharmaceutical products would face new duties within months.
Trump’s unpredictable tariff policies have unsettled markets, leading to declining consumer confidence and pushback from investors, including some of his allies.
However, the White House insists the strategy is working, pointing to trade talks with multiple countries as evidence of progress.
