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US tariffs: how Trump’s tax is hitting Big Tech and beyond

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Jay Peters
Tariff uncertainty continues.

Semiconductor tariffs could be on the way, The New York Times reports:

Federal notices put online Monday afternoon said the administration had initiated national security investigations into imports of chips and pharmaceuticals. Mr. Trump has suggested that those investigations could result in tariffs.

And a group of five US businesses argued in a lawsuit reported on by CNN that the Trump administration’s tariffs should be declared illegal.

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