Fact Sheet: President Donald J. Trump Takes Action on Certain Advanced Computing Chips to Protect America’s Economic and National Security

SUPPORTING AMERICA’S SEMICONDUCTOR INDUSTRY: Today, President Donald J. Trump signed a Proclamation invoking Section 232 of the Trade Expansion Act of 1962 (Act) to address national security concerns with respect to imports of semiconductors, semiconductor manufacturing equipment, and their derivative products.The President directed the U.S. Secretary of Commerce and U.S. Trade Representative to jointly negotiate agreements, or continue any current negotiations of agreements, to address the threatened impairment of the national security with respect to imports of semiconductors, semiconductor manufacturing equipment, and their derivative products from any country.The President also imposed a 25% tariff on certain advanced computing chips, such...