Semiconductors are exempt under Trump’s initial round of reciprocal tariffs, but not for long, the president tells reporters on Air Force One today.
President Trump’s reciprocal tariffs exempted semiconductors, but don’t expect that to last.
The president today said he still plans on tariffing foreign-made chips. «The chips are starting very soon,” Trump told reporters on Air Force One.
Semiconductors, lumber, and pharmaceuticals were among the categories exempted from the reciprocal import tariffs. But Trump is signaling that each one will be targeted over time. “We are looking at pharma right now, pharmaceuticals, as a separate [tariff] category,” he said.
