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Trump Vows ‘Near Future’ Tariffs, Calls DeepSeek Progress ‘Good’
Posted
January 28, 2025
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0:38Now PlayingPresident Donald Trump said he would soon impose tariffs on foreign pharmaceuticals, semiconductors and metals, and heralded news of DeepSeek’s apparent progress in artificial intelligence as “a positive,” as he addressed House Republicans on Monday. #trump #deepseek #tariffs #politics #worldnews
“In the very near future we’re going to be placing tariffs on foreign production of computer chips, semiconductors and pharmaceuticals to return production of these essential goods to the United States of America,” Trump said Monday as he spoke to a gathering of House Republicans at his Doral resort in Miami.
Trump added that he would “also be placing tariffs on steel, aluminum and copper.”
The comments offered one of the most detailed looks at a tariff regime that Trump has been crafting since taking office. The president has previously pledged to impose a flat tariff on Canada, Mexico, and China by the end of the week.
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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