Trump plans tariffs on foreign PC chips, pharma; calls DeepSeek progress a ‘wakeup call’

President Donald Trump has renewed his tariff threat in an address to House Republicans on January 27, and said that he would impose tariffs on foreign pharma, chips and metals soon.

“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 on Monday while addressing House Republicans in Miami. Trump said he would “also be placing tariffs on steel, aluminum and copper.”

Trump said companies looking to avoid tariffs would need to move operations to the US. “The only way you’ll get out of this is to build your plant. If you want to stop paying the taxes or the tariffs you have to build your plant right here in America,” Trump said.

This is the first time that the President has shared details of his proposed tariff regime since his inauguration earlier this month, and comes just days after the tariff threat to Canada, Mexico and China.

President Trump’s comments on semiconductor tariffs have come on a day when Chinese artificial intelligence startup DeepSeek triggered a massive selloff on Wall Street, wiping out billions from Nvidia’s market capitalization.

“The release of DeepSeek, AI from a Chinese company should be a wakeup call for our industries that we need to be laser-focused on competing to win,” Trump said.

Trump called DeepSeek’s advancement as a positive, and said their breakthrough is “good, because you don’t have to spend as much money.”

“I’ve been reading about China and some of the companies in China, one in particular coming up with a faster method of AI and much less expensive method, and that’s good because you don’t have to spend as much money. I view that as a positive, as an asset,” Trump said.

“Because we have the greatest scientists in the world, even Chinese leadership told me that. They said you have the most brilliant scientists in the world,” Trump added.

Related Posts

  • Pharma
  • July 24, 2025
  • 226 views
Natco Pharma shares dip over 2% after Rs 2,000-crore stake buy in South Africa’s Adcock Ingram

Natco Pharma shares slipped 2.5% to Rs 1,009 apiece on the BSE in Thursday’s trade after the company announced its plan to acquire a 35.75% stake in South Africa-based Adcock…

  • Pharma
  • July 22, 2025
  • 301 views
DGFT Extends Deadline on Application for Export of Pharma Grade Sugar

The Directorate General of Foreign Trade ( DGFT ) has notified an extension in the deadline for submitting applications for the export of Pharma Grade Sugar. This was communicated through Trade Notice…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

Natco Pharma shares dip over 2% after Rs 2,000-crore stake buy in South Africa’s Adcock Ingram

Natco Pharma shares dip over 2% after Rs 2,000-crore stake buy in South Africa’s Adcock Ingram

10, 000 Km is just a Number for Intercontinental Tele Surgery by SSIMantra

10, 000 Km is just a Number for Intercontinental Tele Surgery by SSIMantra

DGFT Extends Deadline on Application for Export of Pharma Grade Sugar

DGFT Extends Deadline on Application for Export of Pharma Grade Sugar

Bihar Healthcare is poised to be embraced by Robotic Surgery Mantra

Bihar Healthcare is poised to be embraced by Robotic Surgery Mantra