Trump Proposes 100% Tariff on Imported Semiconductor Chips, Exemptions for U.S. Manufacturers
Summary
Trump proposes a 100% tariff on imported semiconductor chips to boost domestic production, with exemptions for U.S. manufacturers, as major chip companies plan new plants in the country.
Key Points
- Trump plans to impose 100% tariff on all semiconductor chips imported into the U.S.
- Companies that commit to manufacturing chips in the U.S. will be exempt from the tariff.
- Several major chip manufacturers have already announced plans to build plants in the U.S., taking advantage of incentives from the CHIPS Act.