President Donald Trump has declared plans to introduce new tariffs on semiconductors within the coming week as part of his ongoing strategy to address U.S. trade concerns. While discussing potential tariffs on iPhones, Trump emphasised the necessity for “some flexibility,” suggesting that certain companies might receive concessions regarding semiconductor tariffs. Details on these measures are expected to be announced soon.
This move follows the administration’s recent exemption of smartphones, computers, and other electronics from steep reciprocal tariffs, a decision that provided temporary relief to tech giants like Apple and Samsung. However, Commerce Secretary Howard Lutnick indicated that these exemptions might be short-lived, with sector-specific tariffs targeting semiconductors and pharmaceuticals anticipated in the near future.
The administration’s shifting stance has created uncertainty in markets, which are already volatile due to trade tensions and fears of a recession. Analysts note that while the exemptions offer temporary relief, the potential for new tariffs could undermine U.S. competitiveness in technology sectors and increase costs for consumers.
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