Donald Trump has proposed a 100 percent tariff on chips and semiconductors, aiming to incentivize silicon manufacturing in the United States. During a press conference, he announced that companies like Apple have positioned themselves to avoid these tariffs by committing to build or enhance their manufacturing operations in the U.S. Therefore, companies making similar commitments may also exempt themselves from the forthcoming import taxes, as emphasized in the president's remarks about Apple and its significant U.S. manufacturing plans.
"If you've made a commitment to build or you're in the process of building, as many are, there is no tariff, OK?"
In the very first week of his presidency, Donald Trump vowed to force silicon manufacturing back to the United States by making processors more expensive, a threat he's repeated since.
Trump just announced he'll putting a 100 percent tariff on chips and semiconductors - unless your company kisses the ring like Apple CEO Tim Cook just did, perhaps.
In the same live news conference where Apple announced a new $100 billion US manufacturing plan and presented Trump with a 24-karat gold and glass statue, the president explained that Apple had already done enough to escape his upcoming import taxes on chips.
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