He had just announced additional taxes for imports from India – now US President Trump is also threatening China again with higher tariffs. In addition, imported semiconductors should also become more expensive.
US President Donald Trump has promised further tariffs against China because the country buys Russian oil. “It could happen … I can’t tell you yet,” said Trump in front of reporters. “We did it with India. We probably do it with a few others. One of them could be China.” He did not give any further details.
It was only on Wednesday that Trump imposed an additional inch of 25 percent on Indian goods and also justified this with the purchase of Russian oil. With this increase, Trump implements his threat of a “punishment” for India. In June, after China, India was the second largest buyer of Russian fossil fuels, and was bought worth 4.5 billion euros.
India is the first country against which the US President imposes so-called secondary sanctions in connection with the Ukraine War. Due to the additional tariffs, India now belongs to the countries with Brazil that have to pay the highest customs duties to the USA.
India criticized the tariffs. “We emphasize that these actions are unfair, unjustified and unreasonable.” They wanted to take all the necessary steps to protect national interests.
Brazil switches on world trade organization for US tariffs
Hundred percent inches on semiconductors
Trump also announced that it will raise a surcharge of “a hundred percent for all chips and semiconductors who come to the United States”. Trump did not say when the new tariffs should come into force. He had already mentioned premiums in such a height in spring.
If such a step without exceptions is implemented for large providers, the prices for electronics in the USA should increase across the bank – because most chips are produced in Asia. Above all, the high-tech chip systems for the iPhone and other smartphones come almost exclusively from Taiwan from the contract-ready TSMC.
Apple is investing in the USA
The US President commented on a joint appearance with Apple boss Tim Cook in the White House. Trump said the “good news” for corporations like Apple was that the tariffs would not be due if they expanded their production in the USA. Cook announced additional Apple investments of $ 100 billion (around 85 billion euros) in the USA. He confirmed information from the White House.
Cook continued to increase the group’s planned investments at $ 600 billion in the next four years. Apple wanted to expand its supply chains in the USA and work with companies such as Texas Instruments in the US state of Texas and AMCOR in Arizona.
Trump had repeatedly spoken of billions of investments of various groups in the United States in the past few months. They are part of his protectionist “America First” strategy (America first). The deputy spokeswoman for the White House, Taylor Rogers, called the Apple plans a “victory for our industry”.
