Trump announces upcoming steel and semiconductor tariffs
News | By Easton Martin | August 15, 2025
President Donald Trump announced today that his administration will impose new tariffs on imported steel and semiconductor chips in the coming weeks.
Speaking from the White House, Trump said the tariffs are aimed at protecting American manufacturing and national security.
He argued that foreign producers have been undercutting U.S. industries, leading to plant closures and job losses, and that the new measures will help restore domestic production capacity.
The president did not specify the exact tariff rates or implementation dates but indicated that details will be released soon.
He emphasized that the move is part of a broader strategy to secure critical supply chains, particularly in sectors vital to defense and technology.
Trump also said the tariffs would encourage companies to invest in American factories, reduce reliance on foreign suppliers, and create jobs in steelmaking and chip manufacturing.
