US President Donald Trump announced plans to impose significant tariffs on semiconductors, the latest move in his trade policy expansion. The levies could reach up to 300% and are expected to be implemented within two weeks.
Trump stated that he will set tariffs on steel and semiconductors “sometime next week” during a press conference aboard Air Force One en route to Alaska for a summit with Russian President Vladimir Putin. This move is seen as part of Trump’s broader efforts to protect American industries, particularly in the tech sector.
The development comes ahead of the upcoming US-China trade talks and is likely to exacerbate tensions between the two nations. As a result, investors and companies are watching closely for any updates on the tariffs.
Source: https://www.bloomberg.com/news/articles/2025-08-15/trump-says-semiconductor-tariffs-coming-soon-could-reach-300