TURNBERRY, Scotland :The Trump administration will announce the result of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, without providing details.
Lutnick told reporters after a meeting between U.S. President Donald Trump and European Commission President Ursula von der Leyen that the investigation – which is expected to result in tariffs on chips imports – was one of the “key reasons” the EU sought to negotiate a broader trade agreement that would “resolve all things at one time.”
Trump said many companies would be investing in semiconductor manufacturing in the United States, including some from Taiwan and other places, to avoid getting hit by new tariffs.
