Reporting the news about Trump's Tariffs on China last week was tiring. It started at 34% before increasing to 104% and then 145% in just three days. At the same time, the status of the tariffs imposed on other countries was also unclear, causing global stock markets to be in turmoil.
Last weekend, the United States announced high tariff exemptions on semiconductor chips, computers, solar panels, television panels, memory cards, SSDs, and a number of electronic components imported from China. This morning, as expected, a new order was issued by US Commerce Secretary Howard Lutnick saying that this exemption is only temporary.
A new tariff will be announced in a few months. He also added that an investigation will be conducted on semiconductors and the entire electronics supply chain in the upcoming National Security Tariff Investigation. All of this, according to Lutnick, is to return production to the United States.
This will certainly have an impact on countries that are the location of chip production outside the United States such as Malaysia. Last weekend, President Trump touched on the changes that would be made to the CHIPS Act announced by President Biden.