Industry reports and economic data analysis

Trump to Impose Up to 100% Tariffs on Foreign Chips, Metals; Targets China, India, Brazil

Jan 28, 2025, 02:24 AM

President Donald Trump announced plans to impose tariffs ranging from 25% to 100% on foreign-made computer chips, semiconductors, pharmaceuticals, steel, aluminum, and copper to boost domestic manufacturing and national security. In remarks on Monday, Trump specifically targeted imports from countries such as China, India, Brazil, and Taiwan, accusing them of imposing high tariffs on U.S. goods and wanting to harm the United States. He declared that companies wishing to avoid these tariffs should build plants in the U.S., emphasizing that those who produce domestically will pay no taxes or tariffs. Trump stated, "If you want to sell your chips here, you're going to be paying 25%, 50%, or even 100% tariffs."