U.S. President Trump is wielding the tariff stick again. (Reuters)
[Financial Channel/Comprehensive Report] US President Donald Trump wields the tariff stick again! On the 3rd, Trump went to Ohio, a key battleground in the midterm election, to build momentum. He claimed that the tariff policy was attracting foreign companies to invest in the United States. He also issued an ultimatum to companies, giving them only about one and a half years to set up factories in the United States. If the companies did not act, the United States would impose tariffs of 150%, 200%, 250%, or even up to 300%. Trump did not name specific industries this time, but as the United States actively promotes the reshoring of manufacturing, relevant statements have once again attracted attention.
According to reports from Korean media including Yonhap News Agency, Trump talked about his tariff policy at a rally held at a high school in Ohio on the 3rd. He said that the United States will give companies a "small window" of about one and a half years to allow them to build factories in the United States.
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Trump then made harsh words, saying that if companies fail to do this, "we will impose tariffs of 150%, 200%, 250%, 300% on them."
Trump claimed that under the pressure of high tariffs, companies would eventually choose to set up factories in the United States. "In the end, they all built factories here," he said, adding that the whole approach was actually "very simple" and that the United States was executing this strategy to an extent never seen before.
Trump also said that the United States is getting "trillions of dollars" by attracting companies to invest in the United States through tariffs. He also named China, Japan, South Korea, Canada and other countries, claiming that these countries have long used tariffs to deal with the United States, but the United States has not taken corresponding measures in the past. Trump emphasized that the United States "has been the laughingstock of others for a long time."
Trump’s claim of up to 300% tariffs in Ohio this time also comes at a time when the U.S. midterm elections are entering the final sprint. Trump also emphasized his economic achievements during the campaign and called on voters to support Republican candidates. He said that he won Ohio in all three presidential elections in 2016, 2020 and 2024.
Trump even claimed that if the Republican Party wins this election, "each of you will have $5,000 in your pocket" and the United States will also usher in "unprecedented economic success."
It is worth noting that Trump has recently frequently linked tariffs to the return of chip manufacturing to the United States. When he was canvassing votes for the Republican midterm election in Texas in September, he mentioned that the "stupid" US president in the past allowed the chip industry to flow out to Taiwan. The US should have imposed 50%, 100%, and 200% tariffs on Taiwanese chips for many years.
At that time, the outside world thought that Trump was going to impose heavy taxes on Taiwanese chips. Dan Nystedt, a well-known semiconductor analyst, later pointed out in a PO post on the social platform that the Taiwanese media misunderstood President Trump’s speech and thought he was implying that new high tariffs on semiconductors were about to be imposed. In fact, this was not the case.
Nystead pointed out that the tariff figures mentioned by Trump were rhetorical. He meant that past US presidents "should have done this in the first place" rather than warning about what measures to take next.
Trump’s latest remarks on the 3rd did not name specific industries, but as the United States actively promotes the reshoring of manufacturing, relevant statements have once again attracted attention.
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