US lines up tariffs on all imported chips and semiconductors
The US tariffs policy continues to broaden, with new 100% tariffs on all imported chips and semiconductors set to be introduced this month.
President Trump confirmed the developments in a briefing yesterday [6 August] but said, “If you are building, there will be no charge.”
That would mean chips firms such as Nvidia and Taiwan Semiconductor Manufacturing Company are likely to be exempt, but firms in countries such as Japan, South Korea and Philippines could be impacted. In April, markets were warned that the US has semiconductors and pharmaceuticals firmly in its tariff sights.
Global demand for computer chips continues to soar, with sales up just under 20% in the year to June, according to the World Semiconductor Trade Statistics organisation. Last year semiconductors were the fourth largest industry globally by value creation, according to analyst group McKinsey & Co.
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