Despite the meeting with the CEO of Nvidia, Trump sticks to a foreign token price plan

President Trump continues his flea price plan abroad, including those of Taiwan, despite the meeting of the CEO of Nvidia today.

“Finally, we are going to put prices on chips, we will put prices on oil and gas, it will happen soon, I think that on February 18,” he said on Friday by signing a new lot decrees.

Trump had an afternoon meeting with Jensen Huang, CEO of Nvidia, who uses TSMC chips of Taiwan to build graphics and GPU cards focused on AI. “I cannot say what will happen. We had a meeting. It was a good meeting,” said Trump before reiterating his semiconductor price plan made abroad and “things associated with fleas “.

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In addition, the Trump administration still plans to place a 25% rate on Canadian and Mexican products, and a 10% price on Chinese manufacturing products, from February 1. Speaking with journalists, Trump added that there are nothing of the three countries can do to prevent prices. That said, it plans to reduce tasks on Canadian crude oil to 10%.

The prices have aroused fears that manufacturers transmit additional costs to consumers, which causes price increases. China and Mexico are home to many electronics factories for large suppliers, including Apple, Nvidia, Sony, LG and Samsung, although companies have migrated their manufacture to other countries such as Vietnam and India.

Asked about price increases, Trump told journalists: “Prices do not cause inflation, they cause success”, adding “there could be temporary and short -term disturbances, but people will understand this”.

Earlier this month, the Consumer Technology Association (CTA) warned that prices may reduce the demand for PC, smartphones and consoles by more than 50%, while the prices of laptops and tablets could increase From 46% to 68%.

Trump seeks to encourage technological companies to migrate their manufacture to the United States, although the construction of semiconductor FAB can take years and require billions of investments. Currently, Apple, AMD, NVIDIA, Qualcomm and even Intel Source Chip Supplies de TSMC, which still has a large part of its production of semiconductors in Taiwan, despite the construction of a new factory in Arizona.

Trump also suggested that he could go after the European Union. “Will I impose prices on the European Union? Do you want the truthful answer or should I give you a political response? Absolutely,” he said. “The European Union has treated us so terribly.”