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Trump plans 100% tariff on computer chips, unless companies build in US

By Ilene
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Trump plans 100% tariff on computer chips, unless companies build in US

By  JOSH BOAK and MICHAEL LIEDTKE, AP
 

President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, raising the specter of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age.

“We’ll be putting a tariff of approximately 100% on chips and semiconductors,” Trump said in the Oval Office while meeting with Apple CEO Tim Cook. “But if you’re building in the United States of America, there’s no charge.”

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