President Donald Trump has revealed that he will announce new tariffs on semiconductors next week. The U.S. President said during a CNBC interview, “We’re going to be announcing on semiconductors and chips, which is a separate category, because we want them made in the United States.”
This is likely to be bad news for Taiwan, which is home to TSMC, the world’s largest semiconductor manufacturer. The White House has currently imposed a 20% tariff on Taiwanese goods, which is down from the initial 32% Trump announced as part of his ‘Liberation Day’ tariffs. However, many tech companies, including U.S.-based HP and Dell, oppose Washington’s plans to put tariffs on chips, saying it’s bad for business.
