Mr. Trump said he would impose taxes on imported semiconductor chips and pharmaceuticals.

US President Donald Trump continued to expand the scope of tax increases, announcing on February 18 that he would impose a 25% tax on imported semiconductor chips and pharmaceuticals.

Reuters reported that speaking at a press conference on February 18, Mr. Trump said he would consider imposing tariffs on pharmaceuticals and semiconductor chips of “25% or higher,” and the tax rate would increase significantly within a year.

He did not specify the official time of the tax, adding that he wanted to give pharmaceutical and semiconductor chip manufacturers time to move factories to the US to avoid paying taxes. According to the economic data website The Observatory of Economic Complexity , the US imported more than 25 billion USD of semiconductor equipment in 2023. Meanwhile, the US imported 177 billion USD of pharmaceuticals in 2023, accounting for about 21% and making it the largest pharmaceutical importer in the world , according to TrendEconomy .

US President Donald Trump appeared at a NASCAR racing event on February 16.

Asked about his plans to impose tariffs on cars, the White House boss said that the tax would be raised “about 25%” and that it would be announced on April 2. Mr. Trump has long criticized the “unfair treatment” of American cars when exported to foreign markets. The European Union (EU) imposes a 10% tax on imported cars, while in the US, the tax rate on passenger cars is 2.5% and trucks is 25%.

Mr. Trump’s announcement on February 18 is another move by the US president to increase taxes on many imported goods. Previously, he announced a 25% tax on steel and aluminum, and introduced a policy of reciprocal tariffs. The US also imposed a 10% tax on goods from China, while the 25% tax on Mexico and Canada was postponed until early March.

The information about the auto tax was announced by Mr. Trump on February 14. The 25% tax rate is expected to have a significant impact on the global auto industry, which has been shaken by the previous tax policies of the US leader.

At a meeting of the World Trade Organization (WTO) on February 18, a Chinese representative said that Mr. Trump's tax policies increased economic instability, disrupted global trade and risked causing inflation, according to AFP.

Source: https://thanhnien.vn/ong-trump-noi-se-ap-thue-chip-ban-dan-duoc-pham-nhap-khau-185250219111435691.htm