Higher US tariffs kick in for dozens of trading partners

By Beiyi Seow Afp

Higher US tariffs kick in for dozens of trading partners

Chip giants TSMC and Samsung rose after Donald Trump said firms that invest in the United States would not be hit with his threatened tariff

The United States began charging higher tariffs on dozens of trading partners Thursday, in a major escalation of President Donald Trump's drive to reshape global commerce in America's favor.

Shortly before the new levies kicked in, the United States separately announced it would double tariffs on India to 50 percent and hit many semiconductor imports from around the world with a 100-percent levy.

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