Trump imposes a 25% tariff on a limited selection of semiconductors.

The U.S. will implement a 25% tariff on select semiconductor imports starting January 15, as announced by President Trump. This tariff mainly targets advanced computing chips, but exemptions exist for imports that support domestic manufacturing and technology supply chains. The order specifies that these new duties won't overlap with existing tariffs and instructs officials to negotiate with trading partners about semiconductor imports. Additionally, the administration is reviewing processed critical mineral imports to enhance national security and supply chain resilience, with updates required within 180 days.