Update on Tariff Scenarios: Semiconductor Sales 2025 and 2026
2 Min Read May 23, 2025
On May 12, 2025, China and the US agreed to cut tariffs, easing trade tensions. Industry impact expected between base and moderate forecast scenarios.
On May 12, 2025, the Chinese and US governments reached an agreement to reduce their tariffs by 115%. This decision brings US tariffs on Chinese goods down to 30% and China's tariffs on US goods to 10%. Additionally, both countries agreed to pause the remaining 24% reciprocal tariffs for 90 days. As a result of this announcement, we believe the industry will likely find itself between the April base forecast and moderate scenarios.
