US moves ahead on tariffs with investigations into computer chips and pharmaceuticals

4 days ago 17

1 / 4

Sales rep beforehand projectors astatine the 137th Canton Fair successful Guangzhou successful confederate China's Guangdong state connected Tuesday, April 15, 2025. (AP Photo/Ng Han Guan)
A idiosyncratic holds up a motion for "Canada USA" successful beforehand of a logistics institution astatine the 137th Canton Fair successful Guangzhou successful confederate China's Guangdong state connected Tuesday, April 15, 2025. (AP Photo/Ng Han Guan)
Vehicles for export are parked astatine a larboard successful Pyeongtaek, South Korea, Tuesday, April 15, 2025. (AP Photo/Lee Jin-man)
Visitors beryllium adjacent tv sets made by Guangzhou HD Electronics Technology Co. Ltd displayed astatine the 137th Canton Fair successful Guangzhou, confederate China's Guangdong state connected Tuesday, April 15, 2025. (AP Photo/Ng Han Guan)

Copyright 2025 The Associated Press. All rights reserved.

Sales rep beforehand projectors astatine the 137th Canton Fair successful Guangzhou successful confederate China's Guangdong state connected Tuesday, April 15, 2025. (AP Photo/Ng Han Guan)

BANGKOK – The Trump medication has taken its adjacent steps toward imposing much tariffs connected cardinal imports, launching investigations into imports of machine chips, spot making instrumentality and pharmaceuticals.

The Department of Commerce posted notices astir the probes precocious Monday connected the Federal Register, seeking nationalist remark wrong 3 weeks. It had not formally announced them earlier.

Although President Donald Trump paused astir of his biggest tariff hikes past week for 90 days, isolated from those for imports from China, helium has said helium inactive plans tariffs connected pharmaceutical drugs, lumber, copper and machine chips.

The Commerce Department said it is investigating however imports of machine chips, instrumentality to marque them and products that incorporate them — which see galore regular necessities specified arsenic cars, refrigerators, astute phones and different items — impact nationalist security. Section 232 of the Trade Expansion Act of 1962 permits the president to bid tariffs to for the involvement of nationalist security.

The probe includes assessing the imaginable for U.S. home accumulation of machine chips to conscionable U.S. request and the relation of overseas manufacturing and assembly, investigating and packaging successful gathering those needs.

Among different aspects of the full machine spot proviso chain, the authorities intends to besides survey the risks of having machine spot accumulation concentrated successful different places and the interaction connected U.S. competitiveness from overseas authorities subsidies, “foreign unfair commercialized practices and state-sponsored overcapacity.”

After Trump said electronics would not beryllium included successful what his medication calls “reciprocal” tariffs of up to 50% connected immoderate nations, U.S. Commerce Secretary Howard Lutnick explained successful an interrogation connected ABC News that pharmaceuticals, semiconductors and autos volition beryllium handled with “sector specific” tariffs.

“And those are not disposable for negotiation,” Lutnick said. “They are conscionable going to beryllium portion of making definite we reshore the halfway nationalist information items that request to beryllium made successful this country. We request to marque medicine successful this country,” helium said. “We request to marque semiconductors.”

The probe into pharmaceutical imports includes ingredients utilized to marque specified drugs and touches connected galore of the aforesaid aspects of relying connected imports to marque them.

Asked astir his plans for much tariffs connected pharmaceuticals, Trump said Monday, “Yeah, we're going to beryllium doing that.”

He said it would beryllium successful the “not excessively distant future.”

“We’re doing it due to the fact that we privation to marque our ain drugs,” helium said.

The U.S. is simply a large shaper of semiconductors, but lone successful immoderate areas. It relies heavy connected imports from Taiwan and South Korea for definite kinds of precocious chips. In particular, Taiwan dominates precocious logic spot accumulation astatine 92% of each fabrication capableness according to the International Trade Administration, with South Korea making 8%.

Separately, the Commerce Department said Monday that it was withdrawing from a 2019 statement that had suspended an antidumping probe into imports of caller tomatoes from Mexico, effectual successful 90 days. It said the existent statement failed to support U.S. growers from “unfairly priced” imports of tomatoes. Most tomatoes from Mexico volition beryllium taxable to a 20.91% tariff, it said.

Copyright 2025 The Associated Press. All rights reserved. This worldly whitethorn not beryllium published, broadcast, rewritten oregon redistributed without permission.


Read Entire Article