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Trump plans 100% tariffs on chips but spares companies ‘building in US’
President’s plan expected to increase cost of electronics and household goods but US-produced chips to be exempt
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cnbc.com
Trump says new semiconductor tariff plan coming as soon as next week
Trump's announcement on CNBC's "Squawk Box" came on the heels of him unveiling new tariff rates on numerous countries, with some facing steep hikes.
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Trump vows 100% tariff on chips, unless companies are building in the U.S.
President Donald Trump said he will impose a 100% tariff on imports of semiconductors and chips, but not for companies that are "building in the United States."
