The U.S. has made its latest move in the global trade war. Based on the results of a new report, the Trump administration has announced a new round of tariffs on Chinese semiconductor products, though they won't take effect just yet. The de facto for the new tariff is June 23, 2027. The delayed implementation may be thanks to a recent and mild easing of tensions between the U.S. and China, as the Chinese government has itself recently delayed export restrictions on rare-earths products into next year.
At a technical level, per the U.S. Trade Representative notice, the tariffs are already in in place at a 0% rate, a figure that will increase in 18 months on June 23, 2027. The new rate will be known no later than 30 days before that date. Crucially, the new tariffs would be applied on top of the already-existing 50% tax on Chinese semiconductor imports that came into effect January 1 this year.
