US to release result of probe into chip imports in two weeks

The Trump administration will announce the results of a national security probe into imports of semiconductors in two weeks, Commerce Secretary Howard Lutnick said on Sunday, as President Donald Trump suggested higher tariffs were on the horizon.

Lutnick told reporters after a meeting between Trump and European Commission President Ursula von der Leyen that the investigation was one of the “key reasons” the European Union sought to negotiate a broader trade agreement that would “resolve all things at one time.”

Trump said many companies would be…