New US tariffs on semiconductors coming ‘over the next week’, Donald Trump says

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The Trump administration has indicated it will develop a new suite of tariffs on the semiconductor industry, separate to the "reciprocal" tariffs already announced for most American trading partners. Commonly known as chips, semiconductors are the foundation for most electronic devices. On Friday, local time, the government issued a tariff exemption for a range of electronics exported to the United States. The notice, published by US Customs and Border Protection, applied to items such as smartphones, computers, hard-drives, flat-panels, some chips and the machines used to make them. US exempts smartphones and computers from Trump's reciprocal tariffs Photo shows A...