Trump has intensified his focus on tariffs, stating that they play an essential role in his administration. Recent measures include doubling tariffs on India's oil purchases from Russia and threatening the EU with a potential 35% tariff. Additionally, he announced a 100% tariff on semiconductor imports, exempting U.S. manufacturers. Reactions have varied globally, with South Korea's envoy noting favorable treatment for its semiconductor companies, while the Philippine semiconductor industry fears significant negative impacts. These actions align with Trump's objective to revive U.S. manufacturing, highlighted by Apple's planned $100 billion domestic investment.
In an interview with CNBC, Trump warned the EU that U.S. tariffs could soar to 35% if the $600 billion investments promised do not materialize.
Trump's goal of bringing manufacturing back to the U.S. is demonstrated by his announcement to impose a 100% tariff on imports of semiconductors, excluding U.S. manufacturers.
Collection
[
|
...
]