Trump tariffs force Samsung to increase memory prices by 5%

Goldman Sachs warned on Thursday that new trade tariffs imposed by the United States will hurt global economic growth. Moreover, it could lead the Federal Reserve to cut interest rates more aggressively than previously expected, Reuters reports...

Goldman Sachs warned on Thursday that new, sweeping trade tariffs imposed by the United States will hurt global economic growth and could prompt the Federal Reserve to cut interest rates more aggressively than previously expected, Reuters reported.

Trump tariffs force Samsung to increase memory prices by 5%

The tariffs imposed by US President Donald Trump yesterday have shocked financial markets. They also have the potential to upend global supply chains and start off a trade war, with many fearing that it may even lead to a global recession. Even though semiconductors have been initially exempt from the tariffs, there's fear that tariffs may be imposed on these chips through a specialized regime down the line. Samsung's trying to get ahead of tha…