Trump announces 100% tariffs on imported chips

President Donald Trump announced plans to impose a 100% tariff on imported semiconductors, with a major exception for companies that manufacture or commit to build in the United States. The move is part of his broader effort to restore U.S. tech manufacturing, coinciding with Apple’s $100 billion investment pledge. While Trump emphasized that firms honoring domestic commitments would be spared, he warned that companies failing to deliver will face delayed penalties. Global reactions have been swift, with South Korea securing favorable terms and the Philippines warning of severe consequences.