Several of Donald Trump’s newly announced tariffs are set to take effect on Thursday, with different countries facing varying levels of trade restrictions.
India has been hit with one of the steepest hikes — an additional 25% tariff on its exports to the United States, raising the total to 50%.
The tariff increase is reportedly linked to India’s ongoing purchase of Russian oil, a policy Trump has repeatedly criticized.
The Indian government has responded strongly, describing the measure as “unfair, unjustified, and unreasonable.
” The new rate may affect a wide range of Indian goods entering the US market, potentially leading to further strain in trade relations between the two nations.
In contrast, Taiwan has confirmed that its major semiconductor producer, Taiwan Semiconductor Manufacturing Company (TSMC), will not be affected by Trump’s 100% tariff on chips. TSMC is the world’s largest chipmaker and supplies key technology firms like Apple and Nvidia
According to Taiwan’s National Development Council chief Liu Chin-ching, TSMC’s exemption is due to the company’s operational presence in the United States.
However, not all Taiwanese chipmakers will avoid the new tariffs — some smaller firms will still be subject to the 100% rate.
Liu acknowledged the potential impact but expressed confidence in Taiwan’s continued leadership in the global semiconductor industry, stating that a level playing field would still favor market leaders.
The trade moves come amid Trump’s broader push to shift manufacturing closer to home and reduce reliance on foreign suppliers, especially in key sectors like technology and energy.