Trump Announces Upcoming Tariff on Semiconductors
President Donald Trump said on Thursday that a “fairly substantial” tariff on semiconductors will be introduced soon.
The announcement was made during a dinner with technology industry leaders at the White House. Trump responded to reporters’ questions about possible trade actions and confirmed that semiconductor tariffs are on the way.
Tariffs Aimed at Boosting U.S. Manufacturing
Trump noted that he had already discussed these tariff plans with several tech executives present at the event. He stressed that the U.S. will impose tariffs on companies that do not set up operations within the country, aiming to encourage domestic production.
Apple Could Avoid Major Impact
When asked about how the new measures might affect individual firms, Trump suggested that Apple CEO Tim Cook would be in “good shape” if the tariff is put into effect.
Details Still Unclear
The president did not share specific details about the tariff rate, implementation timeline, or which countries or companies would be targeted. Further announcements are expected in the coming weeks.
