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Benzinga
Benzinga
Business
Henry Khederian

Intel Shares Tumble On Sweeping Tariffs, AI Chip Curbs

Intel Corporation Donald Trump INTC White House Japan South Korea United States
Intel

Intel Corp (NASDAQ:INTC) shares are trading lower Monday afternoon as markets react to new global trade restrictions announced by the White House. President Donald Trump imposed sweeping 25% tariffs on all goods imported from Japan and South Korea, set to begin Aug. 1.

What To Know: The broad-based duties, which come after a 90-day negotiation period expired without a resolution, add to existing tariffs and aim to correct “unsustainable trade deficits.”

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