On Thursday, U.S. President Donald Trump warned that tariffs on semiconductors would be imposed soon. After imposing a 25% tariff on foreign cars imported to the United States, Trump indicated that tariffs on semiconductors would soon follow, raising the possibility that the top two export items to the U.S. from South Korea could face tariff burdens.
On the same day, while traveling to Miami, Trump told reporters on the plane that the tariffs on semiconductors would start very soon.
He added that the drug tariffs are a separate matter. He also stated that he will make an announcement in the near future, and mentioned that it is currently under review.
Trump announced the introduction of a 10% basic tariff (universal tariff) on all countries and reciprocal tariffs with varying rates by country the day before.
While the U.S. stock market experienced its largest decline since 2020, Trump remained unshaken.
He stated that this was expected.
Regarding concerns that the stock market crash could affect retirees’ pensions, he responded, “I haven’t checked my 401(K) (pension)” and avoided giving a direct answer.
He referred to the U.S. economy as a sick patient and expressed confidence in the success of the reciprocal tariff policy. Trump stated that the U.S. economy has many problems. He added that it has undergone surgery, and the economy will boom. He emphasized that it would be tremendous and that they would make trillions of dollars.
When asked about the possibility of negotiations regarding reciprocal tariffs, he said it depends on whether they are willing to offer something significant to the U.S., indicating that there is ample room for negotiation.
Regarding the sale of a gold card that grants U.S. permanent residency for $5 million, He stated that it will be launched within two weeks and that he is looking forward to it, introducing himself as the first buyer.
