U.S. Readying Tariffs on Semiconductors, Lutnick Says
Dow Jones
Yesterday
The Trump administration is developing a plan to impose new tariffs on semiconductors, Commerce Secretary Howard Lutnick said.
All the major chip makers are aware these new tariffs are in the works, Lutnick told CNBC's Squawk Box today. Companies can avoid the tariffs if they commit to building their products in the U.S., he said.
"What you're going to see is targeted, thoughtful tariff policy that basically says if you build here, you don't pay," Lutnick said. "But if you don't build here, expect to pay to enter the greatest market in the world."
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.