Trump's tariff bills passed on to US customers! Micron (MU.US) will levy surcharges on some products starting Wednesday

The Zhitong Finance App learned that four people familiar with the matter revealed that the US memory chip manufacturer Micron Technology (MU.US) has notified its US customers that it plans to levy surcharges on some products starting Wednesday to cope with the Trump administration's latest tariff policy.

Micron's overseas production sites are mainly located in Asia, including mainland China, Taiwan Province of China, Japan, Malaysia, and Singapore.

Sources said that in a letter to customers, Micron said that although the tariff list announced by Trump last week exempts semiconductor products (which account for part of Micron's business), storage modules and solid-state drives (SSDs) are still subject to additional tariffs.

These storage products, which are widely used in automobiles, laptops, and data center servers, will face additional costs.

The move echoed Micron's statement on the March 21 earnings conference call — executives said at the time that they would pass costs on to customers in business areas affected by tariffs. Earlier, at the end of March, Micron had notified customers of price increases due to an “unpredictable surge in demand.”

Trump's new tariff policy triggered global turmoil, triggered a counterattack by China's retaliatory tariffs, and heightened market concerns about the global trade war and economic recession. Multinational companies are being forced to assess whether to absorb or pass on the cost of tariffs themselves.

US Customs began imposing a 10% “unilateral tax” on imported goods from many countries last Saturday. The “equal tariff” (11% to 50%) for specific countries will take effect at 00:01 a.m. EST on Wednesday (12:01 Beijing time).

An Asian NAND module manufacturer executive revealed that they are adopting a strategy similar to Micron to inform US customers that they are responsible for their own tariffs.

“If they don't want to bear these taxes, we can't ship it. We cannot be held responsible for decisions made by your government,” the source said. “At this rate, no company can generously say, 'I'll bear this burden'.”