Trump: Will impose about 100% tariffs on chips, exempt from building factories in the United States

Mr. Trump said he would impose a 100 per cent tariff on imports containing semiconductors, but exempt companies with production in the US. "We're going to have very high tariffs on chips and semiconductors, but there's good news for companies like Apple: if you're building a factory in the US, or have made an unquestionable commitment to build a factory in the US, you don't need to pay anything. In other words, we're going to have about 100 per cent tariffs on chips and semiconductors. But if you're building a factory in the US, you don't need to pay. Even if it's not really mass-produced yet, but it's being built, then you don't need to pay." Mr. Trump also said separate tariffs could be imposed on all products containing semiconductor chips as early as next week.