The White House says President Trump imposed a 25% tariff on certain advanced computing chips, such as NVIDIA (NVDA) H200 and AMD (AMD) MI325X chips

• Depending on the outcome of negotiations, President Trump may consider alternative remedies in the future, including minimum import prices for specific types of critical minerals.
• The Secretary and the trade representative should consider price floors for trade in critical minerals and other trade-restricting measures.
• The US chip tariff will not apply to chips imported for US technology supply.

The imposition of a 25% tariff on advanced computing chips by the Trump administration represents a significant escalation in trade tensions, particularly affecting major players like NVIDIA and AMD. This action may lead to higher prices for tech companies reliant on these components and could prompt retaliatory measures from affected nations, impacting markets—especially in technology and broader equities. Additionally, if negotiations shift towards import price floors for critical minerals, it could further disrupt supply chains and enhance inflationary pressures.