Another tariff hit: Donald Trump signals levies on chips and steel; semiconductor duties may hit 300%

US President Donald Trump is loading another tariff bullet, this time aimed at semiconductor chips and steel.The move, expected to be announced in the coming weaks, could shake the already rattled global trade.“I’ll be setting tariffs next week and the week after on steel and on, I would say, chips,” Trump told reporters aboard Air […]

Trump withdraws US from global tax deal, reignites clash over big tech and billionaire levies

Efforts to establish a coordinated global tax regime for tech giants and ultra-wealthy individuals are unraveling, as US President Donald Trump pulls back support and threatens new tariffs. The move has reopened transatlantic tensions and cast uncertainty over years of negotiations aimed at curbing tax avoidance and closing loopholes exploited by multinationals.Tech tax standoffOn February […]

Trump set to put new levies on chips, drugs

US President Donald Trump WASHINGTON: The Trump administration took steps Monday that appear likely to result in new tariffs on semiconductors and pharmaceutical products, adding to levies the president has put on imports globally.Federal notices put online said the administration had initiated national security investigations into imports of chips and pharmaceuticals. Trump has suggested that […]

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