Fact Sheet: President Donald J. Trump Takes Action on Certain Advanced Computing Chips to Protect America’s Economic and National Security
Fact sheetTariff raisedPublished 01/14Open the original
Summary
President Trump, under section 232 of the Trade Expansion Act of 1962, takes action on imports of semiconductors, semiconductor manufacturing equipment, and derivative products, and imposes a 25% tariff on certain advanced computing chips. The tariff does not apply to chips imported to support the buildout of the U.S. technology supply chain and domestic manufacturing capacity.
By industry
- Semiconductors & CHIPS Act1 trading day+0.1%p15 stocks5 trading days+7.2%p15 stocks20 trading days+9.6%p15 stocks
“imports of semiconductors, semiconductor manufacturing equipment, and their derivative products”
- Tariffs & Reshoring1 trading day+1.9%p15 stocks5 trading days+5.0%p15 stocks20 trading days+11.9%p15 stocks
“This tariff will not apply to chips that are imported to support the buildout”
Day by day after the announcement
| Day | Semiconductors & CHIPS Act stocks | S&P 500 |
|---|---|---|
| 26/01/13 | 0.0% | 0.0% |
| 26/01/14 | −0.4% | −0.6% |
| 26/01/15 | +1.4% | −0.2% |
| 26/01/16 | +1.9% | −0.3% |
| 26/01/20 | +1.4% | −2.2% |
| 26/01/21 | +6.2% | −1.0% |
| 26/01/22 | +4.9% | −0.8% |
| 26/01/23 | +3.5% | −0.8% |
| 26/01/26 | +3.2% | −0.2% |
| 26/01/27 | +7.1% | +0.3% |
| 26/01/28 | +9.8% | +0.1% |
| 26/01/29 | +9.1% | +0.1% |
| 26/01/30 | +4.4% | −0.3% |
| 26/02/02 | +6.9% | +0.3% |
| 26/02/03 | +3.8% | −0.6% |
| 26/02/04 | +0.4% | −0.9% |
| 26/02/05 | −0.4% | −3.0% |
| 26/02/06 | +4.8% | −0.5% |
| 26/02/09 | +5.6% | +0.1% |
| 26/02/10 | +5.0% | −0.0% |
| 26/02/11 | +9.4% | −0.1% |
Korean stocks in these industries
- Samsung Electronics 005930
- SK hynix 000660
- SKC 011790
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Teyin M. Liu
BuyMicron Technology
BuyMicron Technology
MU
$3.9M
11,600 sh
$3.9M
Filed 01/15
Traded 01/13
- Teyin M. Liu
BuyMicron Technology
BuyMicron Technology
MU
$2.6M
7,820 sh
$2.6M
Filed 01/15
Traded 01/14
- Teyin M. Liu
BuyMicron Technology
BuyMicron Technology
MU
$1.3M
3,780 sh
$1.3M
Filed 01/15
Traded 01/14
- David Zinsner
BuyIntel
BuyIntel
INTC
$250K
5,882 sh
$250K
Filed 01/27
Traded 01/26
- Nancy Pelosi
Partial saleNvidia
Partial saleNvidia
NVDA
$1M–$5M
Spouse
$1M–$5M
Reported 01/23
Traded 25/12/24
- Harvey C. Jones
SellNvidia
SellNvidia
NVDA
$44.3M
250,000 sh
$44.3M
Filed 25/12/17
Traded 25/12/15
- Mark A. Stevens
SellNvidia
SellNvidia
NVDA
$40.1M
222,500 sh
$40.1M
Filed 25/12/22
Traded 25/12/19
- Lisa T. Su
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 planAdvanced Micro Devices
AMD
$4.6M
20,988 sh
$4.6M
Filed 02/13
Traded 02/11
- Lisa T. Su
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 planAdvanced Micro Devices
AMD
$4.1M
19,103 sh
$4.1M
Filed 02/13
Traded 02/11
- Nancy Pelosi
BuyNvidia
BuyNvidia
NVDA
$250K–$500K
Spouse
$250K–$500K
Reported 01/23
Traded 01/16
- Lisa T. Su
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 planAdvanced Micro Devices
AMD
$3.5M
16,366 sh
$3.5M
Filed 02/13
Traded 02/11
- Lisa T. Su
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 planAdvanced Micro Devices
AMD
$3.1M
14,565 sh
$3.1M
Filed 02/13
Traded 02/11
- Lisa T. Su
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 planAdvanced Micro Devices
AMD
$3M
14,005 sh
$3M
Filed 02/13
Traded 02/11
- Lisa T. Su
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 planAdvanced Micro Devices
AMD
$2.6M
12,033 sh
$2.6M
Filed 02/13
Traded 02/11
- Lisa T. Su
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 planAdvanced Micro Devices
AMD
$2.5M
11,630 sh
$2.5M
Filed 02/13
Traded 02/11
- Sumit Sadana
SellMicron Technology
SellMicron Technology
MU
$7.5M
17,450 sh
$7.5M
Filed 02/04
Traded 02/02
- Timothy Archer
Sell10b5-1 planLam Research
Sell10b5-1 planLam Research
LRCX
$18.6M
113,300 sh
$18.6M
Filed 25/12/18
Traded 25/12/17
- Nancy Pelosi
BuyNvidia
BuyNvidia
NVDA
$100K–$250K
Spouse
$100K–$250K
Reported 01/23
Traded 25/12/30
- Lisa T. Su
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 planAdvanced Micro Devices
AMD
$1.7M
7,949 sh
$1.7M
Filed 02/13
Traded 02/11
- Lisa T. Su
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 planAdvanced Micro Devices
AMD
$1.5M
6,856 sh
$1.5M
Filed 02/13
Traded 02/11