Trump plans 100% tariff on computer chips, unless companies build in U.S.
By JOSH BOAK and MICHAEL LIEDTKE, Associated Press
WASHINGTON (AP) — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, raising the specter of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age.
Related Articles
-
Intel’s stock tumbles after Trump says its CEO must resign -
Putin says he hopes to meet Trump as the White House presses for a peace deal on Ukraine -
Trump’s broad tariffs go into effect just as US economic pain is surfacing -
US is auctioning a seized $325M Russian yacht with 8 state rooms, a helipad, a gym and a spa -
Restoration of torn-down Confederate monument will cost $10 million over 2 years, military says
“We’ll be putting a tariff of approximately 100% on chips and semiconductors,” Trump said in the Oval Office while meeting with Apple CEO Tim Cook. “But if you’re building in the United States of America, there’s no charge.”