Back to news
U.S. moves ahead on tariffs with investigations into computer chips and pharmaceuticals
@Source: torontosun.com
The U.S. also is a major producer of semiconductors, but only in some areas. It relies heavily on imports from Taiwan and South Korea for certain kinds of advanced chips. In particular, Taiwan dominates advanced logic chip production at 92% of all fabrication capacity according to the International Trade Administration, with South Korea making 8%.
Products like laptops, smartphones and the components needed to make them accounted for nearly $174 billion in U.S. imports from China last year. The administration’s plans suggest that such electronics will still be taxed by previous (non-“reciprocal”) tariffs — and potentially under additional, sector-specific levies.
Although major computer chip makers like Taiwan Semiconductor Manufacturing Corp. are investing heavily in U.S. manufacturing facilities, partly due to incentives put in place during former President Joe Biden’s time in office, the costly process of changing entire supply chains would take years.
Separately, the Commerce Department said Monday that it was withdrawing from a 2019 agreement that had suspended an antidumping investigation into imports of fresh tomatoes from Mexico, effective in 90 days. It said the current arrangement failed to protect U.S. growers from “unfairly priced” imports of tomatoes. Most tomatoes from Mexico will be subject to a 20.91% tariff, it said.
Related News
17 Apr, 2025
Sardai & Ghota Sharbat are the popular . . .
06 Apr, 2025
Hudson-Smith wins first Grand Slam Track . . .
31 Mar, 2025
Sudoku hard: March 31, 2025
01 Jun, 2025
Arshad Nadeem thanks nation for javelin . . .
27 Apr, 2025
Warriors vs. Rockets FREE STREAM tonight . . .
29 Mar, 2025
NRL 2025 LIVE: Dragons seek first win in . . .
05 Apr, 2025
IPL 2025 Purple Cap Standings: Updated M . . .
10 May, 2025
Jaxson Dart was impressive at the first . . .