The United States provides $ 50 billion per month in pricing income, says US trade chief Lux
By Andrea Shalal and Maiya Keidan
The Washington Commerce Secretary (Reuters), Howard Lunick, said Thursday that he expects the country to collect $ 50 billion per month of or more pricing income – against $ 30 billion last month – while higher levies from imports from dozens of countries come into force.
“And then you will get the semiconductors, you will get pharmaceutical products, you will get all kinds of additional money,” said Lodnick in an interview with Fox Business Network.
The higher prices of US President Donald Trump on imports from dozens of countries entered into force on Thursday, increasing average American import rights to its highest century, countries faced at tariffs from 10% to 50%.
On Wednesday, Trump also announced its intention to perceive a price of around 100% on the imported semiconductor chips unless manufacturers undertake to produce in America, as well as a small price on pharmaceutical imports which would reach 250% over time.
Details on these sectoral prices are expected in the coming weeks after the Commerce Department has completed surveys on the impact of these imports on US national security.
Lutnick told Fox Business Network that companies could earn exemptions from the expected semiconductor price if they were laying down plans to build factories in the United States, and these plans were supervised by a verifier.
“Its objective is to make the manufacture of semiconductors here,” he said, predicting that the initiative would lead to some 1 billion of dollars in investment to strengthen interior manufacturing.
Other exemptions have already been agreed, notably with the European Union, which declared that its agreement to accept a 15% tariff on most EU exports includes fleas, and with Japan, which said that the United States had agreed not to give it a rate of other countries.
The pressure to stimulate the manufacture of national fleas is not new.
The Congress created a semiconductor manufacturing and semiconductor research program of $ 52.7 billion in 2022 under former President Joe Biden, and the five cutting-edge semiconductor companies agreed last year to locate flea factories in the United States
Last year, the Department said that the United States had produced around 12% of semiconductor fleas worldwide, compared to 40% in 1990.
Lutnick, asked questions about separate talks in progress with China to extend a pricing truce which should end on August 12, said that he thought that an agreement was possible.
“I think we are going to leave this to the sales team and the president to make these decisions, but it is likely that they will conclude an agreement and extend this for an additional 90 days, but I will leave the case to this team.”
(Report by Andrea Shalal and Maiya Keidan; edition by Doina Chiacu and Andrea Ricci)
