After previously threatening a staggering 100% tariff on Taiwan’s export of semiconductor chips, President Trump revealed he is possibly planning on starting at a smaller rate before gradually increasing it over a year. While taking questions from the press after announcing the signing of two new executive orders, President Trump expressed plans to enact tariffs that are “25% and higher” on computer chips.
“It’ll be 25% and higher, and it’ll go very substantially higher over the course of a year, but we want to give them time to come in because, as you know, when they come into the United States and they have their plant or factory here, there is no tariff,” said the President. “So we want to give them a little bit of a chance.”
See also: China bans export of key tech materials to the U.S.
