Trump Plans 100% Chip Tariff With Some Exemptions

President Donald Trump has announced plans to impose a 100% tariff on all imported semiconductors and chips, with exemptions for companies that manufacture or are committed to manufacturing in the United States. The policy aims to incentivize global technology firms to expand domestic production and reduce dependence on foreign supply chains. Apple, which recently committed $100 billion to US manufacturing as part of its American Manufacturing Program, is among the companies that will be exempt. Experts warn that if enacted, the tariffs could significantly increase costs for electronics, vehicles, and other technology products, potentially disrupting global supply chains. This approach marks a shift from previous US policies relying on subsidies and incentives in favor of more aggressive trade measures. No formal policy documents or implementation timeline have been released yet.