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Trump’s 300% chip tariffs would be ‘prohibitive,’ says Balisacan

20 August 2025
in Business
Reading Time: 4 mins read
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Trump’s 300% chip tariffs would be ‘prohibitive,’ says Balisacan
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By Aubrey Rose A. Inosante and Justine Irish D. Tabile, Reporters

US PRESIDENT Donald J. Trump’s proposal to impose up to 300% tariffs on semiconductor chip imports to the US would kill global trade, according to Philippine Economy Secretary Arsenio M. Balisacan.

“It’s practically saying no trade. It’s prohibitive,” Mr. Balisacan told BusinessWorld on the sidelines of the House of Representatives Committee on Appropriations hearing late on Monday.

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