U.S. President Donald Trump said he would impose a 100% tariff on semiconductor imports, though would exempt companies moving production back to the United States, as he and Apple CEO Tim Cook announced a fresh $100 billion investment plan from the Oval Office.
¡°We¡¯re going to be putting a very large tariff on chips and semiconductors, but the good news for companies like Apple is, if you¡¯re building in the United States, or have committed to build, without question, committed to build in the United States, there will be no charge,¡± Trump told reporters.
¡°So in other words, we¡¯ll be putting a tariff of approximately 100% on chips and semiconductors. But if you¡¯re building in the United States of America, there¡¯s no charge,¡± Trump said. ¡°Even though you¡¯re building and you¡¯re not producing yet, in terms of the big numbers of jobs and all of things building, if you¡¯re building, there will be no charge.¡±
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