Trump imposes 25% tariff on imports of some advanced computing chips

US PRESIDENT Donald Trump signed a proclamation on Wednesday to address national security concerns with respect to imports of semiconductors, and imposed a 25 per cent tariff on certain advanced computing chips, such as the Nvidia H200 and AMD MI325X, according to a fact sheet released by the White House.

This 25 per cent tariff will not apply to chips that are imported for the US technology supply chain and for boosting domestic manufacturing capacity for derivatives of semiconductors, according to the White House document.

Trump, in the near future, may also impose broader tariffs on imports of semiconductors and their derivative products to incentivise domestic manufacturing, according to the fact sheet. REUTERS