US considering new round of tariffs on semiconductors - report.

Source: Sharecast

According to Politico, which cited eight people familiar with discussions, one tariff approach under consideration would dramatically expand the number of tech products subject to the duties, hitting not just chips but potentially many of the goods made with them, such as laptops, gaming consoles or the servers that fill data centres.

It was understood that Commerce Secretary Howard Lutnick favours a structure that would tie foreign companies’ relief from the tariffs to investment in US chip manufacturing to juice more domestic production.

The administration is also mulling a phase-in period for the new tariffs, sources told Politico. They stressed that the framework could still be substantially revised in the coming weeks or months.

In a statement to Politico, the White House defended its use of trade policy to bolster domestic industry.

"Reshoring semiconductor manufacturing is a top priority for President Trump, whose policies have already secured hundreds of billions of dollars of investments in this key sector," said White House spokesperson Kush Desai. "The Trump administration remains focused on delivering more investments and economic relief for the American people while safeguarding our national security."