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Our Front Page: Coming Soon, Trump Tariffs on Chips and Pharmaceuticals
3 Articles
3 Articles
Our front page: Coming soon, Trump tariffs on chips and pharmaceuticals
From the latest issue of Inside U.S. Trade: Trump: Big tariffs coming on semiconductors, with big exceptions. Chip imports will be subject to 100 percent tariffs, President Trump promised, but he also will exempt companies from the levies if they are investing in U.S. chip manufacturing. The chip strategy anticipates results of an ongoing Commerce Department probe of chip imports under the national security provision (Section 232) of the Trade E…
Bitcoin miners in distress: Trump’s new tariffs trigger costs and relocations. While imports from China reach more than 50%, a new 100% tariff announced yesterday could add more pressure to Bitcoin mining in the U.S. *** Cryptocurrency miners in the U.S. face high costs for Trump’s tariffs. The U.S. loses competitiveness in importing ASIC – Bitcoin mining equipment. Some industry companies explore local production while others relocate abroad. T…
Trump’s Chip Tariffs Jolt US Crypto Miners
The post Trump’s Chip Tariffs Jolt US Crypto Miners appeared on BitcoinEthereumNews.com. Trump’s 100% chip tariffs threaten US crypto miners’ profits and operations. Mining stocks fell as companies face rising equipment costs and potential offshore relocations. Market Response and Stock Performance President Trump announced 100% tariffs on imported chips and semiconductors on Wednesday. The tariffs exempt only companies manufacturing domesticall…
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