Trump says new semiconductor tariff plan coming as soon as next week

In this article2330-TW your favorite stocksCREATE FREE ACCOUNTwatch now2:0802:08President Donald Trump says new semiconductor tariff plan coming as soon as next weekSquawk BoxPresident Donald Trump said Tuesday he will unveil new tariffs on semiconductors and chips as soon as next week."We're going to be announcing on semiconductors and chips, which is a separate category, because we want them made in the United States," Trump said during a lengthy interview on CNBC's "Squawk Box."Trump said that announcement will come "within the next week or so." He did not vide other details the plan.Global demand for semiconductors and microchips has skyrocketed as the nology has become integrated in virtually all sectors of the economy, including the booming artificial intelligence industry.The vast majority of the world's most advanced semiconductors come from Taiwan, of major chipmaker TSMC, whose customers include Apple, Nvidia, Qualcomm and AMD.Trump revealed the tariff timeline days after he signed an executive order to impose new U.S. duties on a slew of countries' imports, with some trading partners facing steep hikes

Taiwanese goods are set to face an d tariff of 20% starting this week, though that is down from the 32% duty Trump had previously threatened as part of his April 2 "liberation day" levies.Read more CNBC coverageMurdoch to vide Trump health in deal to delay Epstein case depositionTreasury Secretary Bessent 'does not want' to be Fed chair, but 4 others in running, Trump saysPharma tariffs could eventually reach up to 250%, Trump saysTrump says new semiconductor tariff plan coming as soon as next weekTrump undermines trust in jobs data, as White House defends firing BLS chiefEU will delay planned U.S. tariffs for six months to allow for trade talksWhite House struggles to justify firing of BLS chief over weak jobs numbeen

Wyden: Trump 'soft, weak and afraid' for firing BLS chief over jobs reportTrump fires commissioner of labor statistics after weaker-than-expected jobs figures slam Trump says he moved two nu submarines after Russia's Medvedev warns U.S.Trump's remarks on CNBC on Tuesday morning emphasized that his tariff plans are far from .He said in the same appearance that tariffs on imported pharmaceuticals could eventually reach up to 250%

He had previously said that those tariffs would top out at 200%."I have the best poll numbers I've ever had" because "people love the tariffs," Trump claimed in the interview, even though his apval rating has dipped in multiple poll trackers' .