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  • US Weighs a New Round of Tariffs on Semiconductors, Politico Reports
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US Weighs a New Round of Tariffs on Semiconductors, Politico Reports

admin2 months ago02 mins
FILE PHOTO: Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File Photo

Aug 27 (Reuters) – The Trump ⁠administration ⁠is considering a ⁠new round of sweeping tariffs on ​semiconductors, Politico reported on Thursday citing eight people ‌familiar with discussions.

Read more Lawyer for Fed’s Cook, Targeted by Trump, Says There Are No Grounds for Dismissal

A new ‌tariff proposal could tax a wider ⁠range ⁠of tech goods. Instead of just targeting microchips, the ​duties would also apply to products that use them, such as laptops, gaming consoles, and ​data center servers, the report said.

Commerce Secretary Howard Lutnick ⁠favors a ⁠structure that will ⁠tie ​foreign companies’ relief from the tariffs to investment in ​U.S. chip ⁠manufacturing to boost local production, the report said.

Washington is also mulling a phase-in period for the new tariffs and the framework ⁠could still be substantially revised in the coming weeks ⁠or months, Politico reported.

Read more Trump Says He Signed Proclamation to Address ‘Unreasonably’ High Beef Prices

Reuters could not immediately verify the report. The White House and the U.S. Commerce Department did not immediately respond to requests for comment.

U.S. Trade Representative Jamieson Greer said in May there were no imminent new U.S. tariffs ⁠expected to be imposed on semiconductors, but that it was important to protect the sector with duties to facilitate reshoring of ​chip production.

Read more US Judge Awards Blake Lively $407,000 for Legal Bills in Justin Baldoni Dispute, Much Less Than She Sought

(Reporting by Shivani Tanna in ​BengaluruEditing by Tomasz Janowski)

Copyright 2026 Thomson Reuters.

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  • From Michigan to Mississippi, Republicans Scramble to Avoid a Blue Wave
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  • How to Vote in the 2026 Midterms: A State-by-State Guide
  • Leaked Grand Jury Report on $10M Medicaid Diversion Jolts Florida Campaigns

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