Brief by Shorts91NewsDesk / 06:12am on 15 Apr 2025,Tuesday Business
On April 14, 2025, U.S. President Donald Trump announced plans to impose tariffs on semiconductors and pharmaceutical products, citing national security concerns. Simultaneously, he proposed a temporary relief on auto industry tariffs to aid companies adjusting supply chains. The administration initiated investigations under Section 232 of the Trade Expansion Act, focusing on imports of chip-making equipment and pharmaceutical ingredients. This move follows recent exemptions of certain high-tech goods from "reciprocal" tariffs. Notably, Nvidia committed up to $500 billion to build AI supercomputers in the U.S., aligning with Trump's push for domestic manufacturing. These developments occur amid escalating trade tensions, with China imposing 125% tariffs on U.S. imports in retaliation. (PC: Biography)
