Advertisement
Take a Hike
by Shawn Frey Jan 28, 2025
Electronics could see steep price increases in the US if Trump's "computer chip tariff" is imposed.

The US President said he's planning the tariff "in an effort to get the producers to make them in the United States" on Monday, Reuters reports, following plans for a 25% tariff on imports from Canada and Mexico on Feb 1, and other threats directed at imports from the EU and China.

The US produces just 12% of the world's semiconductors, according to a 2020 report by the Semiconductor Industry Association report. Despite that, the US market is responsible for 50.2% of global sales revenue.

Advertisement
Advertisement