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Stock impact report

Probes of chip, pharmaceutical imports launched by Trump administration [CBS News]

Walt Disney Company (The) (DIS) 
Last walt disney company (the) earnings: 2/4 04:05 pm Check Earnings Report
Company Research Source: CBS News
The Department of Commerce posted notices about the probes late Monday on the Federal Register, seeking public comment within three weeks. It had not formally announced them earlier. Although President Trump paused most of his biggest tariff hikes last week for 90 days , except for those on imports from China, he has said he still plans tariffs on pharmaceutical drugs, lumber, copper and computer chips. The Commerce Department said it is investigating how imports of computer chips, equipment to make them and products that contain them - which include many daily necessities such as cars, refrigerators, smart phones and other items - affect national security. Section 232 of the Trade Expansion Act of 1962 permits the president to order tariffs for the sake of national security. The probe includes assessing the potential for U.S. domestic production of computer chips to meet U.S. demand and the role of foreign manufacturing and assembly, testing and packaging in meeting those need Show less Read more
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