U.S. President Donald Trump speaks throughout an occasion with Apple CEO Tim Prepare dinner within the Oval Workplace of the White Home on August 6, 2025 in Washington, DC.
Win Mcnamee | Getty Photos
President Donald Trump mentioned Wednesday he’ll impose a 100% tariff on imports of semiconductors and chips, however not for firms which might be “constructing in america.”
The announcement of recent sector-specific tariffs reveals Trump ratcheting up his efforts to stress companies to fabricate their merchandise within the U.S.
Trump mentioned Tuesday that the duties on chips and semiconductors, which have grow to be key parts in nearly each business, might come as quickly as subsequent week.
“We’ll be placing a really massive tariff on chips and semiconductors,” Trump mentioned within the Oval Workplace on Wednesday afternoon.
“However the excellent news for firms like Apple is when you’re constructing in america or have dedicated to construct, with out query, dedicated to construct in america, there might be no cost.”
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