Trump suggested he’d impose the sky-high tariffs in August or September. But US officials are privately telling industry insiders not to expect them anytime soon, Reuters reports.
In August, President Trump threatened to impose tariffs as high as 300% on foreign-made chips, but the plan now appears to be on the back burner.
US officials have been privately telling those in government and private industry that semiconductor-focused tariffs are unlikely to happen anytime soon, according to Reuters, citing unnamed sources.
One reason is that the White House wants to avoid angering the Chinese government after the Trump administration reached a trade deal with Beijing, which includes de-escalating US tariffs on Chinese exports.
