Trump tariffs live: President warns no country ‘off the hook’ and hints exemption on China-made phones could end
Donald Trump says no country is “off the hook” for “unfair trade balances”, ahead of his expected new tariffs on powerful computer chips.
The president said he would detail the new tariffs on superconductor chips this week, just days after the White House excluded smartphones and other electronics from the ultra-high levies on goods from China.
But the president said those goods were not exempted from tariffs entirely, rather they had been put in a new “tariff bucket” and remain subject to the broad 20 percent tariff hike the White House had previously placed on Chinese goods in its fight against fentanyl.
“NOBODY is getting “off the hook” for the unfair Trade Balances, and Non Monetary Tariff Barriers, that other Countries have used against us, especially not China which, by far, treats us the worst!” he wrote on his Truth Social platform on Sunday.
Trump said he wants companies to make chips and semiconductors in the U.S. so the American economy is not “held hostage” by other countries.
“We are taking a look at Semiconductors and the WHOLE ELECTRONICS SUPPLY CHAIN in the upcoming National Security Tariff Investigations,” he said.
