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President Trump announced that tariffs on semiconductors, under Section 232 of the Trade Expansion Act, will be imposed within the next two weeks, with a potential rate as high as 300%. This announcement marks an escalation from his previous proposal of a 100% tariff on semiconductors. Speaking aboard Air Force One, Trump indicated that these tariffs would be phased in over the next two weeks, initially at a lower rate, to incentivize semiconductor manufacturers to relocate their production capacities to the United States. This development has expedited the overall decline in US chip stocks. While the White House has yet to make a formal announcement, Trump's repeated emphasis on the chip industry underscores the seriousness of the situation, and the likelihood of high tariffs being imposed cannot be overlooked.
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