US Edition
Asia Markets Set to Open Lower as Investors Weigh Trump's Vow on Fresh Chip Tariffs
UNITED STATES, AUG 6 – The tariff exempts companies manufacturing semiconductors in the US to encourage domestic production and protect national security, part of a broader strategy including increased pharmaceutical tariffs.
- On Wednesday in the Oval Office, President Donald Trump said the US would charge a tariff of approximately 100% on chips and semiconductors, with no charge for companies building or committed to build in the US, Trump added.
- Strategically, Trump's tariff push aims to punish nations buying Russian oil and bring manufacturing back to the US, as he increased rhetoric in recent weeks.
- Uncertainty persists on how much US manufacturing qualifies, but market sentiment improved after Trump said companies producing goods in the United States would be eligible for exemptions.
- Investors reacted with gains across tech and regional indexes as MSCI’s Asian stock gauge advanced 0.8% and US futures rose 0.3%.
- Yesterday, President Donald Trump said he will impose a small tariff on pharmaceuticals, then raise it to 150% and ultimately to 250% within a year to a year and a half.
15 Articles
15 Articles
Stocks Rise, Japan Bond Auction Gets Firm Demand: Markets Wrap
(Bloomberg) -- Asian shares climbed with US equity-index futures after President Donald Trump’s threat of 100% tariffs on chip exporters came with exemptions for companies like Apple Inc. that invest in the US.
News from HD Tecnología. Visit www.hd-tecnologia.com for the latest news. President Donald Trump announced that he will apply new tariffs to semiconductors next week, in an attempt to encourage chip manufacturing within the United States. The announcement was made during an interview, and although it is presented as a measure to protect local industry, it has already generated concern throughout the global technology chain. The measure particula…
Trump’s semiconductor tariffs threaten CIO budgets with up to 80% cost surge
President Donald Trump announced Wednesday he will impose 100% tariffs on semiconductor imports while exempting companies manufacturing in the US, a policy shift that threatens to disrupt enterprise technology budgets and force fundamental changes in vendor relationships across the industry. The announcement, made during a White House event with Apple CEO Tim Cook, comes as organizations plan $4.9 trillion in global enterprise technology spendin…
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