Trump Plans To Impose 100% Tariff On Semiconductors
US President Donald Trump has announced his plans to impose a 100% tariff on imported semiconductors, which is likely to increase the cost of electronics and household appliances. Despite the announcement, Trump did not specify when the levy would be enacted, suggesting he would not charge companies committed to manufacturing chips in the US. Trump revealed the plan during a White House visit with Apple CEO Tim Cook, where they discussed an agreement for Apple to invest $100 billion in US manufacturing over the next four years. This follows Cook’s earlier pledge to invest $500 billion domestically, bringing the total investment to $600 billion. “We’ll be putting a tariff of approximately 100% on chips and semiconductors. But if you’re building in the United States of America, there’s no charge,” Trump said. The plan is part of Trump’s broader efforts to bring manufacturing back to the US and reduce supply chain disruptions. Trump’s comments, however, were not a formal tariff announcement, leaving many details about the impact on international companies and countries unclear. In 2024, the US imported over $6 billion worth of semiconductors, including over $50 billion from Asia, with leading suppliers such as Taiwan, Malaysia, Vietnam, and the European Union. According to an official, Taiwan Semiconductor Manufacturing Company (TSMC) will be exempt from the tariff. Additionally, South Korea’s top trade envoy, Yeo Han-Koo, stated that major chipmakers Samsung Electronics and SK Hynix will not be subject to 100% tariffs.
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Housing affordability is a key issue for the American consumer on which the Trump administration has done nothing useful. From tariffs on construction material to higher budget deficits driving up interest rates to deporting building trades workers, virtually every policy lever is being thrown in an anti-supply direction.
