Trump says U.S. will put tariff of approximately 100 percent on semiconductors

U.S. President Donald Trump says Washington will charge a 100 percent tariff on foreign-made semiconductors, a move that could impact South Korea's chip industry.

Meanwhile, the U.S. president also announced an additional 25 percent tariff on Indian goods, in response to New Delhi's continued importing of Russian oil.

Lee Seung-jae has more.

U.S. President Donald Trump said Wednesday that Washington will impose a tariff of about 100 percent on semiconductors.

Trump made the remarks at a White House event, stressing that while a tariff of approximately 100 percent will be placed on imported chips and semiconductors, "there's no charge" if manufactured in the United States.

In order to impose the tariffs, Trump invoked Section 232 of the Trade Expansion Act of 1962, which gives the president the authority to adjust imports, if it's determined that they could impair national security.

The latest move is expected to negatively impact South Korea's chip industry, which relies heavily on exports.

Meanwhile, Trump on Wednesday announced an additional 25 percent tariff on goods from India, citing New Delhi's continued purchases of Russian oil.

The announcement also marks a sharp escalation in trade tensions between the U.S. and India, following the collapse of recent trade talks.

The new tariffs, set to take effect in 21 days, will raise the levy on certain Indian goods into the U.S. as high as 50 percent, one of the steepest rates imposed on any U.S. trading partner.

The announcement comes as Trump warned of impending penalties, accusing India of aiding Russia's war in Ukraine through energy imports.

Following the U.S. leader's announcement of the additional 25 percent tariffs, the Indian government vowed to move to "protect national interest."

According to India's Ministry of External Affairs, the additional tariffs are "unfair, unjustified and unreasonable," adding that its imports of Russian oil are only with the overall objective of ensuring the energy security of one-point-four billion people in India.

It further added that India is being targeted for something that "several other countries" are also doing for their own national interest.

Lee Seung-jae, Arirang News.