Trump enacts 25% tariff on chips — with a caveat
By Elisabeth Buchwald, CNN
(CNN) — President Donald Trump enacted a new 25% tariff on “certain advanced computing chips” on Wednesday, according to a White House fact sheet. That includes Nvidia’s H200 chip and AMD’s MI325X. However, chips imported to support building up the US technological supply chain would be exempt.
It’s unclear, though, what criteria would need to be met to qualify for the exemption. The White House did not immediately respond to CNN’s inquiry.
The White House fact sheet also warned that the president in the near future “may impose broader tariffs on imports of semiconductors and their derivative products.”
In enacting the tariff, Trump cited national security concerns and Section 232 of the Trade Expansion Act of 1962, which allows presidents to address such concerns with tariffs on specific products.
AMD and Nvidia did not immediately respond to CNN’s requests for comment.
This is a developing story and will be updated.
The-CNN-Wire
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