Howard Lutnick Says Chip Import Probe Outcomes Due In 2 Weeks As Trump Threatens New Tariffs To Pressure US Manufacturing Growth – NVIDIA (NASDAQ:NVDA), Apple (NASDAQ:AAPL)

On Sunday, Commerce Secretary Howard Lutnick mentioned the U.S. will announce the outcomes of its semiconductor import probe in two weeks.

What Occurred: Talking after Donald Trump met with European Fee President Ursula von der Leyen, Lutnick mentioned the nationwide safety investigation into chip imports is nearing completion, reported CNBC.

 It is one of many “key causes” the EU sought to barter a broader commerce settlement that will “resolve all issues at one time,” he advised reporters.

The Trump administration is conducting the probe beneath Part 232 of the Commerce Growth Act of 1962, the identical statute beforehand used to impose tariffs on metal, aluminum and autos.

The overview follows issues that the U.S.’s reliance on foreign-made chips, notably from Taiwan, poses a nationwide safety danger.

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Why It is Vital: The upcoming ruling might pave the way in which for sweeping new tariffs on world chipmakers except they increase U.S.-based manufacturing. Trump mentioned corporations from Taiwan and different locations are already planning home investments to dodge penalties, the report added.

The probe builds on a wider commerce crackdown that has reshaped world provide chains and will have important implications for corporations like Taiwan Semiconductor Manufacturing Co. TSM and Samsung Electronics SSNLF, in addition to U.S. tech giants like Nvidia Company NVDA, Tesla Inc. TSLA and Apple Inc. AAPL depending on abroad semiconductor provide.

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