Semiconductors Are The New Oil: Here’s Why Trump Tariffs On Chips Could Cost The World Dearly

Semiconductors power everything from smartphones and laptops to cars and medical equipment, while also enabling advances in areas like cloud computing, AI, and defence technologies.

Semiconductor tariffs are not simply about trade—they strike at the heart of a highly interconnected global economy.

Source : ABPLIVE AI

US President Donald Trump last week said that more tariffs are coming, and this time, his target is semiconductors. The American leader said that he will reveal the exact details in the coming weeks. Speaking aboard Air Force One, he told reporters, “I'll be setting tariffs next week and the week after on steel and on, I would say, chips.” Tariffs have increasingly become a regular feature of the global economy, but semiconductors warrant your special attention because of their