By President Donald Trump has revealed plans to impose tariffs on semiconductors, oil, and gas imports as part of his “America First” trade policy. The proposed tariffs, ranging from 20% to 30%, aim to reduce reliance on foreign suppliers and boost domestic production.
The announcement has drawn criticism from industry experts, who warn that the tariffs could lead to higher prices for consumers and disrupt global supply chains. The semiconductor industry, in particular, has expressed concern, as the U.S. relies heavily on imports for critical components.
A Trump spokesperson stated, “These tariffs are about protecting American industries and ensuring our energy and technological independence.”