Trump Says Semiconductor Tariffs Coming Soon, Could Reach 300%

President Donald Trump said he would set levies on semiconductors in the coming two weeks, the latest indication he’s readying a substantial expansion of his tariff regime.

“I’ll be setting tariffs next week and the week after, on steel and on, I would, say chips — chips and semiconductors, we’ll be setting sometime next week, week after,” Trump told reporters Friday aboard Air Force One en route to Alaska for a summit with Russian President Vladimir Putin.