Following the announcement of a preliminary tariff agreement framework with Vietnam, US President Donald Trump recently told the media that letters would soon be sent to several related countries outlining subsequent tariff regulations. Regarding the scope of tariffs, Trump’s statements were ambiguous, indicating some countries would face rates between 10-20%, while others could see tariffs as high as 60-70%, a significant disparity.
US tariff rates: 10% or 70%? Industry says it will determine chip supply direction
07
Jul