Trump Announces Sweeping 100% Chip Import Tariff

President Donald Trump announced a 100% tariff on imported computer chips and semiconductors to boost U.S. manufacturing and reduce reliance on foreign supply chains. Companies producing chips within the U.S., like Apple—which has committed an additional $100 billion to domestic manufacturing—will be exempt. The tariffs are expected to impact prices of electronics, automotive, and appliances, with legacy chips from Southeast Asia likely affected most and advanced AI chips potentially spared. Apple’s stock surged following the announcement, reflecting positive market sentiment. This move is part of Trump’s broader strategy of raising tariffs on goods from more than 90 countries to pressure international tech firms to relocate production to the U.S. Key implementation details, including the start date and scope of exemptions, remain uncertain for the industry.