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2026-01-17 12:31:39
[US Commerce Secretary Warns South Korea: South Korean Memory Chip Manufacturers Could Face Tariffs of Up to 100% If They Don't Commit to Increasing Investment in the US] US Commerce Secretary Rutnick said on Friday that South Korean memory chip manufacturers could face tariffs of up to 100% if they don't commit to increasing investment in the US. Rutnick stated, "Every company wanting to do memory chip business in the US has two options: either pay 100% tariffs or build in the US. That's industrial policy." He did not mention any specific companies. Currently, Trump has not imposed tariffs on most foreign-made semiconductor products, instead instructing Rutnick and US Trade Representative Greer to negotiate with trading partners to reduce US dependence on chip imports. The White House indicated earlier this week that Trump may announce new tariff measures and corresponding compensation plans in the "near future" to stimulate domestic manufacturing.
