President Trump Says Chip Tariffs Coming ‘Very Soon’

President Trump’s sweeping global tariffs have rocked the stock market since being announced on Tuesday, with just about every major tech company down double-digits. Semiconductors were largely spared from an immediate impact, however, as chips from Taiwan and other nations were exempted. Most electronics sold in the United States are powered by chips made in Asia, meaning tariffs would have a significant impact on prices. But Trump told a White House press pool on Thursday that tariffs on semiconductors will be imposed “very soon.” Already, tariffs on foreign-made goods have led Nintendo to announce a delay in U.S. pre-orders for the Switch 2 while it assesses the potential impact of tariffs. And Klarna, the buy-now-pay-later startup made a meme for letting customers pay for food deliveries in installments, delayed its planned IPO on Friday. Global economic uncertainty probably hurts the business case for financing Chipotle burritos through zero-interest, unsecured loans. President ... Read full article.