Trump announced a 100% tariff plan while highlighting Apple's commitment to investing $100 billion in U.S. manufacturing. He stated that chip companies manufacturing domestically or building plants in the U.S. would be exempt from this tariff, encouraging their return home. Several significant chip manufacturers have already declared plans to produce parts within the country, incentivized by the bipartisan CHIPS Act. Additionally, Trump's Commerce Secretary indicated that the administration is renegotiating incentive deals with producers to secure larger U.S. manufacturing commitments.
Trump announced the 100% tariff during a press conference where he promoted Apple's commitment to increase its U.S. manufacturing commitment by $100 billion.
Trump said he'll exempt chip companies that are making their goods here or have begun building plants here, stating 'If you're building in the United States of America, there's no charge.'
Several major chip manufacturers have already announced plans to build parts in the United States, drawing incentives from the bipartisan CHIPS Act.
Trump Commerce Secretary Howard Lutnick mentioned that the administration is renegotiating incentive deals to extract bigger American manufacturing commitments from producers.
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