According to media reports, US President Donald Trump plans to impose new tariffs on imports of steel and semiconductor chips, which could further undermine global trade, which is already strained due to US protectionist policies. It is expected that tariffs will initially be announced at a low level, which will increase sharply over time to stimulate domestic production.
US President Donald Trump plans to impose new tariffs on steel and semiconductor chip imports, according to media reports, a move that could further shake up global trade, already strained due to US protectionist policies. It is expected that tariffs will initially be announced at a low level, which will increase sharply over time to stimulate domestic production.
Tariffs aimed at stimulating production in the United States
Trump explained that the new tariffs will initially be lower, which will give companies time to adapt and expand production facilities in the United States.Later, there will be a dramatic increase – perhaps to 100% or more - in semiconductor production.Trump stressed that companies investing in manufacturing in the United States will be provided with benefits.
Steel tariffs: a development of previous measures
The announcement came after several rounds of tariff increases on steel and aluminum. In February of this year, Trump raised tariffs on steel and aluminum to 25 percent, while in May, the steel tariff rate was doubled to 50 percent to further support domestic producers. It remains unclear whether the new announcement signals another increase in metal tariffs or simply a continuation of current rates.
Impact on global trade
Trump's tariff strategy has already disrupted global supply chains. Previous measures targeted almost all foreign exports to the United States, along with industry-specific tariffs on steel, aluminum, and automotive products. Given that semiconductors are the backbone of consumer electronics, artificial intelligence systems, and industrial technologies, the new tariffs could have far-reaching implications for global markets.
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