Trump Says Tariff Rate on Chips Could Reach 300%. Nvidia and AMD Stocks Fall.
1. Trump suggested tariffs on chips might reach up to 300%. 2. Tariff rates on semiconductor imports to be set within two weeks. 3. AMD shares fell by 2.17% following tariff announcement. 4. Lower initial tariff rates will increase significantly over time. 5. Manufacturers shifting to the U.S. may receive tariff exemptions.