Semiconductor tariffs coming, may be this week, hints US president

President Donald

Trump

has signalled that he will announce further tariffs this week on semiconductors. The move would raise the cost of importing chips, which are a vital component in electronics, cars, toys and other goods. Speaking Sunday night from

Air Force One

, the president said tariffs on electronics would "be announced very soon," but suggested there might be room for exemptions. "I'm a very flexible person...," Trump said on Monday, when asked about possible exemptions. He added he had spoken to

Apple CEO Tim Cook

and "helped" him recently.