Samsung, SK Hynix not subject to 100% U.S. chip tariffs, South Korean envoy says

South Korea's top trade envoy Yeo Han-koo said Thursday that Samsung Electronics and SK Hynix will not be subject to 100% U.S. tariffs on chips. Yeo said on radio that among various countries, South Korea will face the most favorable U.S. tariff rates on chips under the trade deal between Washington and Seoul. U.S. President Donald Trump said Wednesday the United States will impose a tariff of about 100% on semiconductors imported from countries not producing in the U.S. or planning to do so. But it would not apply to companies that had made a commitment to manufacture in the U.S. or were in the process of doing so. Trump's comments were not a formal announcement and much remains unclear.