Trump vows tariffs ‘much bigger’ than 2.5% and on key areas

Quick Summary:

President Donald Trump said he wants to enact across-the-board tariffs that are "much bigger” than 2.5 percent, the latest in a string of signals Monday that he’s preparing widespread levies to reshape US supply chains.

Trump’s threat of semiconductor tariffs also comes hours after investor concern about Chinese artificial-intelligence startup DeepSeek rattled markets and erased billions from Nvidia Corp.’s market capitalization.

Trump has argued that tariffs will help keep and build US manufacturing of the advanced chips compared to a subsidy program championed by former President Joe Biden.

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Author / Journalist: Stephanie Lai, Billy House & Josh Wingrove | Bloomberg

Category: BusinessStartups

Markets: PhilippinesCanadaChinaColombiaMexico

Topics: President Going Speech Trump Chinese Tariffs Monday Percent He’s Latest Trump’s

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-28 @ 11:07:32 (3 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1096 words

Reading Time: 7 minutes read

Sentences: 33 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 25573874

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 8 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #37

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