On August 15, United States President Donald Trump disclosed intentions to impose tariffs on semiconductors within the upcoming fortnight, signifying a substantial escalation of his tariff policies. During a conversation with reporters aboard Air Force One on Friday, as he journeyed to Alaska for a summit with Russian President Vladimir Putin, Trump stated, "I will be making decisions regarding steel and chip tariffs over the next two weeks, specifically pertaining to chips and semiconductors, with finalization anticipated in the coming weeks." However, uncertainty remains as to whether Trump misspoke concerning steel tariffs, as he had already increased import tariffs on steel and aluminum to 50% in June. Trump has consistently hinted at imposing taxes on chips and pharmaceuticals within a matter of weeks, yet no official announcement has materialized to date. Moreover, Trump suggested that tariffs on semiconductor imports could escalate even further, remarking, "The tariff rate I'm contemplating could reach 200%, or even 300%."