Donald Trump has announced a 100% tariff on semiconductor imports, with exemptions for companies that move their production to the United States. The announcement was made alongside Apple CEO Tim Cook at the Oval Office, where they unveiled a new $100 billion investment plan.
The tariff aims to incentivise domestic chip production and reduce reliance on foreign suppliers. Companies like Apple, which are investing heavily in US-based manufacturing, may be exempt from the new tariffs. This move could significantly impact the global semiconductor supply chain, potentially leading to higher costs for electronics manufacturers who rely on imported chips.
The investment plan is expected to create numerous jobs and boost the US economy. The long-term effects of the tariff on the semiconductor industry and global trade remain to be seen, but it is anticipated to encourage more companies to establish or expand their manufacturing presence within the United States.
