Trump Signals New Tariffs on Steel and Semiconductor Imports
Trump tariffs on steel and semiconductor imports are set to become a major focus of U.S. trade policy, with President Donald Trump indicating that new duties could be announced in the coming weeks.
“I’ll be setting tariffs next week and the week after on steel and on, I would say, chips,” Trump told reporters aboard Air Force One en route to Alaska for a meeting with Russian President Vladimir Putin. He said the duties would start at lower rates to give companies time to ramp up U.S. production before increasing sharply later—a phased approach he has also proposed for pharmaceutical imports.
“I’m going to have a rate that is going to be lower at the beginning—that gives them a chance to come in and build — and very high after a certain period of time,” Trump said, adding that he expects companies will choose to manufacture in the U.S. rather than face steep tariffs.
Trump has reshaped global trade policy with sweeping duties on imports from nearly all countries, targeting industries including automotive and metals. In February, he raised tariffs on steel and aluminum to 25%, later doubling them to 50% in May to encourage domestic production. It remains unclear if the upcoming announcement will include further hikes on those metals.
Last week, Trump said semiconductor imports would face a 100% tariff unless companies committed to building manufacturing facilities in the United States. His latest comments came alongside news that Apple would invest an additional $100 billion in domestic operations.
Mutual fund investments are subject to market risks, read all scheme related documents carefully. Past performance does not guarantee future returns.
Related Insights & Market Perspectives
What Happens to Your Investments After You Die? 7 Key Steps Every Delhi NCR Family Should Know
What happens to your investments after you die is a question many people avoid. We spend years deciding where to invest but very little time planning what happens to that money when we're gone. You may have mutual funds across several folios, shares in a demat account, fixed deposits with different banks, insurance policies, bonds,.
IMF Raises India’s FY26 Growth Forecast to 6.4% Citing Lower Inflation and Strong Reforms
IMF India growth forecast for FY2025-26 has been raised to 6.4%, up from the previous estimate of 6.2% announced in April. The upward revision in the International Monetary Fund’s latest World Economic Outlook update reflects lower inflation, a more favorable external environment and continued economic reforms. The IMF has also raised its FY2026-27 GDP growth.
Bonds 101: 5 Simple Terms for Understanding Bond Prices and Yields
Understanding bond prices and yields can feel complicated when you first see a bond listing with terms such as 8% coupon, 7.5% yield, ₹1,000 face value, 2031 maturity, or a market price of ₹980 or ₹1,020. But the basic idea is simple. A bond is essentially a loan. You lend money to a government, company,.