Back in April, we reported on the commencement of an investigation by the US government. Specifically, the goal of the probe was to look at the country's reliance on foreign semiconductor production and how such imports might affect national security. In a press conference after a meeting with President Trump and the EU held over the weekend, it was announced that the results of the investigation would be published within two weeks, suggesting that new or higher tariffs on imported chips are on the way, too.
News of the announcement was reported by Reuters, as part of its more comprehensive coverage of the new US-EU trade deal, where America will impose a 15% import tariff on most EU goods. While discussing the terms and nature of the deal in a press meeting, Commerce Secretary Howard Lutnick also announced that the results of the investigation into chip imports and national security would be released in two weeks.
