U.S. Commerce Secretary Howard Lutnick predicts the country will collect $50 billion a month in tariff revenues, up from $30 billion last month, due to higher import levies. Trump’s new tariffs on imports from dozens of countries, ranging from 10% to 50%, have taken effect, with plans for even higher tariffs on semiconductor and pharmaceutical imports. Exemptions from semiconductor tariffs may be granted to companies building plants in the U.S., aiming to boost domestic manufacturing with an expected $1 trillion investment. Other exemptions have been agreed with the EU and Japan. A $52.7 billion semiconductor subsidy program was created in 2022, and efforts to increase domestic chip manufacturing have been ongoing. Talks with China to extend a tariff truce are underway, with optimism for a possible agreement.

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