❓WHAT HAPPENED: President Donald J. Trump announced plans to unveil new tariffs on semiconductors and chips within the next week.
👤WHO WAS INVOLVED: President Donald Trump during an interview on CNBC’s Squawk Box.
📍WHEN & WHERE: August 5, 2025, during an interview on CNBC.
💬KEY QUOTE: “We’re going to be announcing on semiconductors and chips, which is a separate category, because we want them made in the United States.” – Donald Trump
🎯IMPACT: The tariffs aim to prioritize U.S. manufacturing of semiconductors and chips, potentially affecting global trade dynamics.
President Donald J. Trump says a new round of trade tariffs will be announced as early as next week. The new trade duties will focus on semiconductors as part of a broader effort to boost U.S. manufacturing, especially on the high-tech front.
“We’re going to be announcing on semiconductors and chips, which is a separate category, because we want them made in the United States,” Trump said during an interview on CNBC’s Squawk Box. According to the America First leader, the announcement will likely come “within the next week or so.”
Trump emphasized that the tariff plans are still ongoing and that the semiconductor and chip tariffs represent a distinct focus on bolstering domestic manufacturing. The announcement follows an executive order Trump signed recently imposing new U.S. tariff rates on imports from around seventy countries. These trade duties will take effect on Thursday.
Already, a number of nations are scrambling to strike a trade deal with the Trump White House before the Thursday deadline, including Switzerland, which faces one of the highest rates, 39 percent, set to be imposed.
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