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

On August 7th, Trump said he would impose a 100% tariff on imports containing semiconductors, but exempt companies that base their production in the United States. "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 United States, or have made an unquestionable commitment to build a factory in the United States, you don't need to pay anything. In other words, we're going to have tariffs of about 100% on chips and semiconductors. But if you're building a factory in the United States, you don't need to pay. Even if you haven't really started mass production yet, but it's being built, then you don't need to pay." Trump also said that separate tariffs could be imposed on all products containing semiconductor chips as early as next week.