Trump Announces 100% Tariff on Semiconductors, With Exemptions for Companies Building in the U.S.

U.S. President Donald Trump contiguous said that determination volition beryllium a 100 percent tariff connected chips and semiconductors imported into the United States, but with a large exception.


Companies that are gathering successful the United States, oregon that person made a committedness to physique successful the U.S., volition not person to wage the tariffs. Since Apple pledged to walk $600 billion connected U.S. manufacturing, the institution volition presumably beryllium exempted from the planned spot tariffs.

"If you're gathering successful the United States, oregon made a committedness to physique oregon are successful the process, there's nary charge," Trump said. He added that if companies committedness to bring manufacturing to the U.S. and don't travel through, tariffs volition beryllium "added up" and "charged astatine a aboriginal date."

The Trump medication exempted semiconductors and derivative products similar the iPhone from reciprocal tariffs successful countries similar China and India, but Trump has been promising to levy precocious fees connected spot imports.

Apple sources its chips from Taiwan Semiconductor Manufacturing Company (TSMC), and determination were fears that spot tariffs could person a important interaction connected Apple's costs arsenic a result. For now, it looks similar Apple is going to debar immoderate further tariffs connected the chips that it uses for its devices. Trump made the announcement during a White House property lawsuit with Apple CEO Tim Cook, wherever Cook announced an further U.S. manufacturing investment. There is nary connection connected erstwhile semiconductor tariffs volition beryllium enactment successful place.
This article, "Trump Announces 100% Tariff connected Semiconductors, With Exemptions for Companies Building successful the U.S." archetypal appeared connected MacRumors.com

Discuss this article successful our forums