US chip tariff: South Korea says limited immediate impact, warns of ‘phase 2’
South Korea's trade minister stated that new US tariffs on advanced computing chips will have a limited immediate impact, as they exclude memory chips. However, a warning was issued about potential future expansions. US Commerce Secretary Howard Lutnick threatened up to 100% tariffs on foreign chipmakers not investing in US production.
South Korea's trade minister stated that new US tariffs on advanced computing chips will have a limited immediate impact, as they exclude memory chips. However, a warning was issued about potential future expansions. US Commerce Secretary Howard Lutnick threatened up to 100% tariffs on foreign chipmakers not investing in US production.
