Semiconductor chips on a circuit board of a computer on Feb. 25, 2022. Florence Lo/Illustration/Reuters
President Donald Trump announced on Wednesday that tariffs on semiconductors and computer microchips will be as high as 100 percent—but indicated companies could win an exemption by committing to building facilities and making products in the United States.
“We’ll be putting a tariff of approximately 100 percent on chips and semiconductors,” Trump told reporters. “But if you’re building in the United States of America, there’s no charge, even though you’re building and you’re not producing yet.”
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