U.S. President Donald Trump speaks throughout an occasion with Apple CEO Tim Cook dinner within the Oval Workplace of the White Home on August 6, 2025 in Washington, DC.
Win Mcnamee | Getty Photographs
President Donald Trump mentioned Wednesday he’ll impose a 100% tariff on imports of semiconductors and chips, however not for corporations which might be “constructing in the US.”
The announcement of latest sector-specific tariffs reveals Trump ratcheting up his efforts to strain companies to fabricate their merchandise within the U.S.
Trump mentioned Tuesday that the duties on chips and semiconductors, which have change into key elements in just about each business, might come as quickly as subsequent week.
“We will be placing a really giant tariff on chips and semiconductors,” Trump mentioned within the Oval Workplace on Wednesday afternoon.
“However the excellent news for corporations like Apple is in case you’re constructing in the US or have dedicated to construct, with out query, dedicated to construct in the US, there will probably be no cost.”
That is breaking information. Please refresh for updates.