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Trump Imposes 25% Tariff on Specific AI Chips Imports; Data Center Applications/ Others Exempted
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Under a new national security order released by the White House, US President Donald Trump imposed a 25% tariff on imports of specific AI chips, according to Reuters. The announcement follows a nine-month investigation under Section 232 of the Trade Expansion Act of 1962, and targets a number of high-end semiconductors and their application devices that meet certain performance benchmarks, with the aim of promoting chip manufacturing within the US. The US currently produces only about 10% of the chips it needs, and is highly dependent on foreign supply chains, the announcement said. It emphasized that this dependency poses significant economic and national security risk. The tariffs do not apply to chips and derivative devices used for US data centers, startups, non-data center consumer applications, non-data center civil industrial applications and US public sector applications, the White House's fact sheet noted. Pursuant to the announcement, US Commerce Secretary Howard Lutnick has broad discretion to approve further exemptions. AASTOCKS Financial News Website: www.aastocks.com |
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