Trump threatens roughly 100% tariff on foreign-made semiconductors — until corporations construct in U.S.

President Trump stated Wednesday he’ll impose “roughly 100%” tariffs on imported semiconductors.

The president made the announcement throughout an Oval Workplace occasion with Apple CEO Tim Prepare dinner to unveil a brand new $100 billion dedication by the tech large to put money into U.S.-based manufacturing. 

The hefty new tariff wouldn’t apply to corporations which have agreed to begin manufacturing microchips within the U.S.

“We’ll be placing a tariff on of roughly 100% on chips and semiconductors, however in the event you’re constructing in america of America, there is no cost, regardless that you are constructing and you are not producing but,” Mr. Trump stated.

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