Major stock indices have recently surged following President Trump's announcement of a 100% tariff on imported chips, which includes broad exemptions for U.S. companies. The Dow rose 250 points, the S&P 500 increased by approximately 41 points, and the NASDAQ climbed 190 points. Companies such as Nvidia, Advanced Micro Devices, and Apple benefited significantly, with Apple declaring an additional investment of $100 billion in U.S. companies and suppliers over four years. This tariff strategy is expected to stimulate domestic chip manufacturing and investment.
"We're going to be putting a very large tariff on chips and semiconductors," Trump said, as quoted by CNBC. "But the good news for companies like Apple is if you're building in the United States or have committed to build, without question, committed to build in the United States, there will be no charge."
All thanks to President Trump's new chip tariffs that include broad exemptions. Announced last night, the President said there would be a 100% tariff on imported chips.
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