Trade war: Trump plans 100% tariff on chips, semiconductors; claims 'there's no charge' for companies building in US
President Trump announced a significant 100% tariff on imported computer chips and semiconductors, potentially raising prices for various tech products. This policy shift aims to incentivize domestic chip manufacturing, benefiting companies like Apple, Nvidia, and Intel, which have invested heavily in US production. Following the announcement, Apple shares surged, reflecting positive investor sentiment towards the move.
President Trump announced a significant 100% tariff on imported computer chips and semiconductors, potentially raising prices for various tech products. This policy shift aims to incentivize domestic chip manufacturing, benefiting companies like Apple, Nvidia, and Intel, which have invested heavily in US production. Following the announcement, Apple shares surged, reflecting positive investor sentiment towards the move.
