Donald Trump says he will announce the tariff rate on imported semiconductors over the next week, with new sector-specific tariffs to be created.

It comes just two days after the White House issued a tariff exemption for various electronics, which it now says is temporary.

The Trump administration has indicated it will develop a new suite of tariffs on the semiconductor industry, separate to the "reciprocal" tariffs already announced for most American trading partners.

Commonly known as chips, semiconductors are the foundation for most electronic devices.