Former US President Donald Trump announced new tariffs on imported semiconductors targeting non-US manufacturers. This move is aimed at supporting domestic production.
Goals and Content of New Tariffs
Trump announced that tariffs could reach approximately 100% for firms not manufacturing in the US. Major companies such as TSMC and Samsung, which have plants in the US, will be exempt from these duties. As Trump stated, "We’ll be putting a tariff of approximately 100 percent on chips and semiconductors, but if you're building in the United States...there's no charge."
Implications for Global Markets
The new tariffs are expected to significantly impact global semiconductor markets, potentially reshaping supply chains and encouraging onshore manufacturing in response to US policy shifts. It is anticipated that this will induce volatility in Asian markets and affect semiconductor stock prices.
Impact on Economy and Financial Sectors
There are concerns that the tariffs could contract the US GDP by 0.9% over two years and raise price levels by 1.8%. Financial sectors may witness increased volatility, particularly among tech equities and supply-dependent industries like automotive and AI. While there has been no direct impact on crypto markets, broader economic uncertainties may influence digital assets.
The tariffs announced by Trump on semiconductors represent a strategic move to boost domestic production, but they carry risks for global markets and may affect US economic indicators.
