Trump Imposes 100% Tariffs on Semiconductor Imports, Exempting U.S. Chipmakers
Summary
In a move to boost domestic semiconductor manufacturing, Trump imposes 100% tariffs on chip imports while exempting U.S. chipmakers, causing Japanese chipmakers' stocks to tumble and Samsung and TSMC to rally on their U.S. investments.
Key Points
- Trump announces 100% tariffs on semiconductor imports
- Companies building chips in the U.S. are exempt from tariffs
- Japanese chipmakers fall while Samsung and TSMC rise on U.S. investments