President Donald Trump said Sunday that he would announce new tariffs targeting semiconductors in the next week amid an ongoing trade war with China.
While speaking to reporters on board Air Force One, Trump said new tariffs on electronic goods, including semiconductors, were in the pipeline. Semiconductors are used in a wide variety of electronic goods like smartphones and computers.
“The tariff will be in place in the not distant future because as you know, like we did with steel, like we did with automobiles, like we did with aluminum, which are now fully on, we’ll be doing that with semiconductors, with chips, and numerous other things. And that will take place in the very near future,” Trump said, adding that the goal was to move semiconductor and electronic chip production to America.
He added that the announcement on semiconductors would come in the next week. Trump’s…
