Trump says semiconductor imports to face 100% tariff
"We'll be putting a tariff on of approximately 100% on chips and semiconductors," Trump told reporters at the White House on Wednesday. "But if you're building in the United States of America, there's no charge, even though you're building and you're not producing yet, in terms of the big numbers of jobs and all of the things that you're building, if you're building, there will be no charge."
The president also indicated that chipmakers who do not follow through with plans to manufacture in the US would face retroactive levies.
In April this year, the Trump administration said it is investigating whether a reliance on imported chips is a threat to national security.
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