Details of the new tariff rate will come out in the US Federal Register this week and they may take effect in “a month or so”, Lutnick said.
Trump “is going to do it for pharmaceuticals, I think he’s going to do it for semiconductors, so all those products are going to come under semiconductors, and they’re going to have a special focus-type of tariff to make sure that those products get reshored.
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How a shift toward Trump by tech giants like Meta could reshape Asia’s digital future
How a shift toward Trump by tech giants like Meta could reshape Asia’s digital future
“We need to have semiconductors, we need to have chips, and we need to have flat panels,” he added. “We need to have these things made in America. We can’t be reliant on Southeast Asia for all of the things that operate for us.”
