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 Pictures
President Donald Trump mentioned Wednesday he’ll impose a 100% tariff on imports of semiconductors and chips, however not for firms which are “constructing in the USA.”
The announcement of recent sector-specific tariffs exhibits Trump ratcheting up his efforts to stress companies to fabricate their merchandise within the U.S.
Trump has beforehand signaled that the duties on chips and semiconductors, which have turn into key elements in just about each business, may 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 in case you’re constructing in the USA or have dedicated to construct, with out query, dedicated to construct in the USA, there shall be no cost,” he mentioned.
“So in different phrases, we’ll be placing a tariff on of roughly 100% on chips and semiconductors. However in case you’re constructing in the USA of America, there is not any cost.”
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