US President Donald Trump has said he will be announcing the tariff rate on imported semiconductors over the next week – adding that there would be flexibility with some companies in the sector. This seems to be a row back after he removed extra tariffs on smartphones and tablets.

“We wanted to uncomplicate it from a lot of other companies, because we want to make our chips and semiconductors and other things in our country,” Trump told reporters aboard Air Force One returning from his estate in Florida, reports Reuters.

Trump declined to say whether some products such as smartphones might still end up being exempted, but added: “You have to show a certain flexibility. Nobody should be so rigid.”

Trump had already announced a national security trade probe into the semiconductor sector.

Trump’s commerce secretary, Howard Lutnick, speaking on April 13th made clear that critical technology products from China would face separate new duties along with semiconductors within the next two months.

Other posts by :

1. Russian satellite tumbling out of control
2. FCC boss praises AST SpaceMobile
3. Rakuten makes historic satellite video call
4. Rocket Lab confirms D2C ambitions
5. Turkey establishes satellite production ecosystem
6. Italy joins Germany in IRIS2 alternate thoughts
7. Kazakhstan to create museum at Yuri Gagarin launch site
8. AST SpaceMobile gets $42 or $1500 price target
9. Analyst: GEO bloodbath taking place

Categories: Articles, Business, Policy, Regulation

Tags: smartphones, tariffs, Trump