Trump Proposes 100% Tariff on Foreign Computer Chips

President Donald Trump announced plans to impose a 100% tariff on all imported semiconductors and computer chips, aiming to incentivize tech companies to bring manufacturing back to the U.S. Companies currently building or committed to building U.S. manufacturing operations, such as Apple with its $100 billion investment and $600 billion expansion initiative, would be exempt from the tariffs. Trump clarified that firms in the process of establishing U.S. facilities, not just those already operational, could avoid the tariff, but did not specify minimum investment requirements or a timeline for implementation. He also warned that companies failing to deliver on their investment pledges would face retroactive tariffs. The announcement triggered significant stock price movements for major chipmakers like Nvidia, Micron, and TSMC. The proposed tariff, much higher than the previously discussed 25%, could significantly impact tech costs and global supply chains.