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2w ago

Trump Plans Phased Tariffs on Steel and Semiconductors to Incentivize U.S. Manufacturing

Initial duties will be set low to give companies time to build U.S. capacity, with rates rising sharply later under Section 232 authority.

U.S. President Donald Trump did not give exact rates for the tariffs on steel and semiconductor chips that he said are coming soon.
U.S. President Donald Trump waves as he boards Air Force One at Joint Base Andrews in Maryland on Aug. 15, 2025, in this photo released by the Associated Press. (Yonhap)
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Overview

  • President Trump told reporters aboard Air Force One that tariffs on steel imports will be announced next week and on semiconductor chips the following week.
  • He said initial tariff rates would start lower to allow domestic expansion before escalating sharply to compel firms to onshore production.
  • The administration is invoking Section 232 of the Trade Expansion Act to frame the measures as national-security actions and may exempt companies that commit to U.S. manufacturing.
  • His remarks coincided with Apple’s announcement of an additional $100 billion investment in U.S. operations.
  • Samsung Electronics and SK hynix are closely tracking the forthcoming policy as concerns grow over supply-chain disruptions and possible international retaliation.