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Another tariff hit: Donald Trump signals levies on chips and steel; semiconductor duties may hit 300%

IndiaTimes Friday, 15 August 2025 ()
President Trump is planning new tariffs on semiconductor chips and steel, potentially shaking global trade. The rates will start low to encourage domestic manufacturing before increasing significantly. Trump hinted at tariffs as high as 100% or even more on semiconductors, with exemptions for companies building in the U.S.
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Video Credit: Oneindia - Published
News video: Trump to meet Modi as India-U.S. Tariff War comes to a head? PM Modi to visit U.S. in September

Trump to meet Modi as India-U.S. Tariff War comes to a head? PM Modi to visit U.S. in September 03:14

Prime Minister Narendra Modi is expected to visit the U.S. next month for the UNGA summit, with a possible meeting with Donald Trump to address strained trade relations. Ties have soured after Trump imposed a combined 50% tariff on Indian goods over market access disputes and Russian oil imports....

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Another tariff hit: Trump signals levies on chips and steel; semiconductor duties may hit 300%

President Trump is planning new tariffs on semiconductor chips and steel, potentially shaking global trade. The rates will start low to encourage domestic...
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