Donald Trump calls for 100% tariff on Semiconductor imports, exempts companies building in the US

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US President Donald Trump announced on Wednesday evening Eastern Time, that he would impose a 100% tariff on semiconductor imports, although there would be no tariffs that would be building or moving production back to the US.

However, more details on how or what will a company need to do to qualify for the exemption remains unclear.

Trump had announced last week that he will 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…



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Donald Trump calls for 100% tariff on Semiconductor imports, exempts companies building in the US


US President Donald Trump announced on Wednesday evening Eastern Time, that he would impose a 100% tariff on semiconductor imports, although there would be no tariffs that would be building or moving production back to the US.

However, more details on how or what will a company need to do to qualify for the exemption remains unclear.

Trump had announced last week that he will 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…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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