Policy & Supply Chain Tracker

Fact Sheet: President Donald J. Trump Takes Action on Certain Advanced Computing Chips to Protect America’s Economic and National Security

On January 14, 2026, President Trump signed a proclamation directing the Secretary of Commerce and the U.S. Trade Representative to coordinate negotiations to reach international agreements addressing national security threats related to imports of semiconductors, semiconductor manufacturing equipment, and their derivative products. The proclamation also implements a 25% tariff on certain chips, including Nvidia H200 and AMD MI325X chips. The tariff will not apply to chips that are imported to support the domestic buildout of chip manufacturing. It further notes the President may issue broader tariffs in the near future.

15% on U.K. automobiles

25% on steel and aluminum imports

Exemptions include: Products for civil aircraft will be exempted from tariffs applied under other Trump administration executive actions. This measure applies largely to Rolls-Royce jet engines and parts often used in U.S.-made aircraft.

Technology Prosperity Deal:
Memorandum of Understanding Between the Government of The United States of America and the Government of The United Kingdom of Great Britain and Northern Ireland Regarding the Technology Prosperity Deal – The White House

The Technology Prosperity Deal is a collaborative effort between the U.K. and U.S. to advance technology disciplines, including artificial intelligence (AI), civil nuclear, fusion, and quantum technologies. The Memorandum of Understanding (MOU) establishes a joint flagship research program between U.S. and U.K. science agencies to advance the development of models and datasets in shared priority areas, including AI for biotechnology and medicine. Additionally, the MOU calls for increased coordination on non-proliferation and nuclear security programs to maximize certainty for both U.S. and U.K. markets. Furthermore, the memorandum establishes a U.S.–UK task force to accelerate breakthroughs in benchmarking across quantum computing hardware, software, and algorithms. According to the MOU, the U.S. and U.K. intend to establish and convene a “Ministerial-Level Working Group” within six months.

Exemptions effective June 30, 2025

Please see MOU for varying timelines.

50% on steel, aluminum and copper imports

27.5% on automobiles

Exemptions include: European Commission President von der Leyen stated that “we have also agreed on zero-for-zero tariffs on a number of strategic products.
This includes all aircraft and component parts, certain chemicals, certain generics, semiconductor equipment, certain agricultural products, natural resources and critical raw materials.”

On 10/26, the U.S. and Cambodia announced a trade deal. Key terms of the deal include:

• Cambodia commits to eliminate tariffs on 100 percent of U.S. industrial goods and U.S. food and agricultural products exported to Cambodia and has already implemented this commitment.
• The United States commits to maintain at 19 percent the reciprocal tariffs, as set forth in Executive Order 14257 of April 2, 2025, as amended, on originating goods of Cambodia, and identifies products from the list set out in Annex III to Executive Order 14346 of September 5, 2025, Potential Tariff Adjustments for Aligned Partners, to receive a zero percent reciprocal tariff rate.

EU-US trade deal explained – energy aspects (EU Commission)

Exemptions include: European Commission President von der Leyen stated that “we have also agreed on zero-for-zero tariffs on a number of strategic products. This includes all aircraft and component parts, certain chemicals, certain generics, semiconductor equipment, certain agricultural products, natural resources and critical raw materials.”

On 10/26, the White House announced a trade deal with Malaysia. Key terms of the deal include:

• Malaysia has committed to provide significant preferential market access for U.S. industrial goods exports, including chemicals, machinery and electrical equipment, metals, and passenger vehicles, and for U.S. agricultural exports including dairy, horticultural products, poultry, processed products, beverages, pork, rice, and fuel ethanol.
• The United States has committed to maintain at 19 percent the reciprocal tariffs first set forth in Executive Order 14257 of April 2, 2025, as amended, on originating goods of Malaysia, and has identified products from the list set out in Annex III to Executive Order 14346 of September 5, 2025, Potential Tariff Adjustments for Aligned Partners, to receive a zero percent reciprocal tariff rate.

Memorandum of Understanding Between the Government of the United States of America and the Government of Malaysia Concerning Cooperation to Diversify Global Critical Minerals Supply Chains and Promote Investments – The White House

The U.S. and Malaysia also signed a Memorandum of Understanding to strengthen cooperation between the countries on critical minerals supply chains development and expansion and to promote trade and investment between the countries in critical mineral resource exploration, extraction, processing and refining, manufacturing, and recycling and recovery.

link

On 10/26, the White House announced a trade deal with Thailand. Key details of the deal include:

• Thailand will eliminate tariff barriers on approximately 99 percent of goods, covering a full range of U.S. industrial and food and agricultural products.
• The United States will maintain at 19 percent the reciprocal tariffs, as set forth in Executive Order 14257 of April 2, 2025, as amended, on originating goods of Thailand, and will identify products from the list set out in Annex III to Executive Order 14346 of September 5, 2025, Potential Tariff Adjustments for Aligned Partners, to receive a zero percent reciprocal tariff rate.

Memorandum of Understanding Between the Government of the United States of America and the Government of the Kingdom of Thailand Concerning Cooperation to Diversify Global Critical Minerals Supply Chains and Promote Investments – The White House

The U.S. and Thailand also signed a Memorandum of Understanding seeking to cooperate in strengthening critical minerals resource sector governance, promoting partnerships between U.S. and Thai companies, and promoting trade and investment between the Participants to expand Thailand’s integration into secure and reliable global supply chains.

Exemptions include: Products for civil aircraft will be exempted from tariffs applied under other Trump administration executive actions. This measure applies largely to Rolls-Royce jet engines and parts often used in U.S.-made aircraft.

Exemptions effective June 30, 2025

On 10/26, the U.S. and Vietnam announced a framework for a proposed trade deal. Key details of the deal include:

• Vietnam will provide preferential market access for substantially all U.S. industrial and agricultural exports to Vietnam.
• The United States will maintain at 20 percent the reciprocal tariffs, as set forth in Executive Order 14257 of April 2, 2025, as amended, on originating goods of Vietnam, and will also identify products from the list set out in Annex III to Executive Order 14346 of September 5, 2025, Potential Tariff Adjustments for Aligned Partners, to receive a zero percent reciprocal tariff rate.