Trump Announces 100% Tariff on Imported Chips, Offers US Manufacturing Exemptions. Companies like Apple, investing heavily in domestic production, secure immunity from the new tariffs, while others face retroactive charges if they fail to build US facilities. This move follows Apple's $100 billion US manufacturing commitment and comes amidst ongoing debate over US chip manufacturing and national security
Trump's 100% tariff on imported semiconductors offers a loophole: companies building or committing to build US manufacturing plants can avoid the tax. Companies failing to fulfill commitments face retroactive charges. This announcement follows Apple's $100 billion US manufacturing investment, securing the tech giant an exemption from the chip tariffs
President Trump's 100% tariff on imported chips and semiconductors includes a guarantee: companies failing to fulfill commitments to build US manufacturing plants will face retroactive charges. This applies to all companies, ensuring domestic production. Apple, for example, secured an exemption after committing to a $100 billion US manufacturing investment
Apple secures $100B US manufacturing investment, avoiding 100% chip tariffs. Following iPhone tariff exemptions, Apple's commitment to US manufacturing now totals $600 billion, shielding it from President Trump's newly announced semiconductor tariffs. This investment includes new factories and training facilities across multiple states
Apple’s newest manufacturing investment brings its commitment to the U.S. to $600 billion, adding factories and training facilities to states like Texas, Michigan and Kentucky, the latter state of which will begin manufacturing coverglass for all iPhones and Apple Watches, Cook said.
Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here.
Trump was asked during Wednesday’s announcement whether Vice President JD Vance planned on bringing together White House officials to discuss the Epstein files, the handling of which the Trump administration has been blasted for recently. Vance said the administration was not meeting to talk about the Epstein files, before Trump called the matter a “hoax,” adding it is “just a way to divert attention to something that is total bulls—.”
Trump’s tariff on semiconductors follows attempts by the Biden administration to similarly create a more robust tech manufacturing presence in the U.S., which has lagged behind Taiwan and China in semiconductor production. Semiconductors are electronic components essential to phones, computers, medical equipment, vehicles and more. Tech is one of several sectors included within Trump’s push for increased domestic manufacturing, as the president has announced multibillion-dollar investments from companies like OpenAI, Oracle and Softbank, which are slated to increase their cumulative investment in AI data centers to $500 billion. Google and investment management firm Blackstone have also committed $50 billion worth of investments to the U.S. for data centers and infrastructure. The president has levied tariffs as an attempt to bolster manufacturing in the U.S., recently reaching reduced tariff deals with trading partners including Japan (15%), the U.K. (10%) and the European Union (15%).
These Are The Trump Tariffs Launching Friday: Far Short Of The 90 Promised Deals (Forbes)
Apple Invests Another $100 Billion Into The U.S., Trump Says—As Shares Jump 5% (Forbes)
Source: Original Article