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Trump says new chip tariffs coming over the next week, signals flexibility on iPhones

President Trump declared his intention to introduce new tariffs on semiconductors within the upcoming week, signaling a continued effort to leverage levies for resolving US trade concerns. While addressing potential tariffs on iPhones, Trump indicated an upcoming announcement, highlighting the necessity for flexibility. He also suggested that certain companies might receive flexibility regarding semiconductor tariffs, with further details expected soon.

US President Donald Trump said on Sunday he would announce new tariffs on semiconductors over the next week, as he continues a push to impose punishing levies to address US trade issues.Responding to questions about potential tariffs on iPhones, Trump said an announcement would come soon but emphasized the need for “some flexibility.” He added that there would be flexibility for certain companies when it comes to semiconductor tariffs, though details remained unclear.

Trump reaffirmed that the semiconductor tariffs would be implemented in the “not distant future.”Asked what the rate for semiconductors would be, he said: I'm going to be announcing it over the next week..