US President Donald Trump remains steadfast in his plan to impose tariffs on various imports, including chips and oil, despite a meeting with Nvidia CEO Jensen Huang where they discussed technology leadership. Trump has hinted that tariffs could reach as high as 100 percent for foreign-made semiconductors, raising concerns for companies like Nvidia, which depend on international manufacturing. While Trump praises tariffs as effective tools for his economic goals, the potential impact on company margins looms as companies may need to pass costs onto consumers to offset tariffs.
Eventually we're going to put tariffs on chips. We're going to put tariffs on oil and gas. That'll happen fairly soon.
I can't say what's going to happen. We had a meeting. It was a good meeting.
Tariffs have become a favorite bargaining chip for achieving Trump's geopolitical and economic agenda.
These import tariffs are paid by the importer, which could lower margins for Nvidia unless costs are passed on to buyers.
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