President Donald Trump has announced plans to slap a 100% tariff on imported semiconductors, with a crucial exemption: foreign companies that manufacture—or commit to manufacturing—within the United States will not be subject to the new levy.
The announcement came as part of a joint appearance with Apple executives, who pledged an additional $100 billion in U.S. investments
While not a formal policy enactment, the statement coincides with broader tariff increases of 10% to 50% set to take effect on numerous imports. Semiconductors and other tech products have been under review as part of a U.S. national security investigation, with the findings expected by mid-August.
While South Korea secured exemptions for Samsung and SK Hynix under its trade pact with the U.S., officials in the Philippines and Malaysia warned of severe economic fallout. Taiwan’s TSMC appears shielded thanks to its American facilities, as does Nvidia, which is investing heavily in U.S. operations.
The European Union has agreed on a unified 15% tariff rate covering most of its exports including cars, chips, and pharmaceuticals.
