US tariffs: how Trump’s tax is hitting Big Tech and beyond
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Alongside Trump’s upcoming 25 percent auto tariffs, chips will see tariffs as well. In response to a reporter’s question about tariffs on pharma and chips (thanks, C-SPAN):
It’ll be 25% and higher, and it’ll go very substantially higher over the course of a year, but we want to give them time to come in because, as you know, when they come into the United States and they have their plant or factory here, there is no tariff. So we want to give them a little bit of a chance.
He’d previously suggested he’d impose 100 percent tariffs on Taiwanese chips, so perhaps he’s slightly backing off. The new tariffs could come as soon as April 2nd. Computers assembled in China will also cost more because of Trump’s 10 percent tariffs on China.
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