Economy

Trump Announces Dramatic 100% Tariff on Imported Semiconductors to Reshore U.S. Manufacturing

Trump's Bold Move on Semiconductors

In a significant policy announcement, U.S. President Donald Trump revealed plans to impose a staggering 100% tariff on imported semiconductors, a move aimed at bolstering domestic manufacturing. The announcement was made during a White House event celebrating Apple's investment in the United States.

Semiconductor chips on a circuit board

Details of the Tariff Plan

Trump emphasized that companies committed to building semiconductors in the U.S. would be exempt from these tariffs. "If you're building or planning to build here, there's no tariff. But if you fail to deliver on those plans, the tariffs will apply retroactively," he stated. However, the exact implementation timeline remains unclear.

Potential Impact on Global Trade

This policy could have profound implications for international trade, particularly for countries like South Korea, where semiconductors are a major export to the U.S. The White House hinted at a phased approach to minimize disruptions, but the full details are yet to be disclosed.