{"id":63695,"date":"2025-08-06T23:10:16","date_gmt":"2025-08-06T23:10:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/63695\/"},"modified":"2025-08-06T23:10:16","modified_gmt":"2025-08-06T23:10:16","slug":"trump-vows-100-tariff-on-chips-unless-companies-are-building-in-the-u-s","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/63695\/","title":{"rendered":"Trump vows 100% tariff on chips, unless companies are building in the U.S."},"content":{"rendered":"<p>U.S. President Donald Trump speaks during an event with Apple CEO Tim Cook in the Oval Office of the White House on August 6, 2025 in Washington, DC. <\/p>\n<p>Win Mcnamee | Getty Images<\/p>\n<p>President <a href=\"https:\/\/www.cnbc.com\/donald-trump\/\" rel=\"nofollow noopener\" target=\"_blank\">Donald Trump<\/a> said Wednesday he will impose a 100% <a href=\"https:\/\/www.cnbc.com\/2025\/08\/06\/trump-trade-india-tariffs-russia.html\" rel=\"nofollow noopener\" target=\"_blank\">tariff<\/a> on imports of semiconductors and chips, but not for <a href=\"https:\/\/www.cnbc.com\/2025\/08\/06\/apple-details-100-billion-us-spending-expansion.html\" rel=\"nofollow noopener\" target=\"_blank\">companies<\/a> that are &#8220;building in the United States.&#8221;<\/p>\n<p>The announcement of new sector-specific tariffs shows Trump ratcheting up his efforts to pressure businesses to manufacture their products in the U.S.<\/p>\n<p>But specifics about the plan, such as how much U.S. manufacturing a company needs to do in order to qualify for the tariff exemption, were not immediately clear.<\/p>\n<p>&#8220;We&#8217;re going to be putting a very large tariff on chips and semiconductors,&#8221; Trump said in the Oval Office on Wednesday afternoon.<\/p>\n<p>&#8220;But the good news for companies like Apple is if you&#8217;re building in the United States or have committed to build, without question, committed to build in the United States, there will be no charge,&#8221; he said.<\/p>\n<p>&#8220;So in other words, we&#8217;ll be putting a tariff on of approximately 100% on chips and semiconductors. But if you&#8217;re building in the United States of America, there&#8217;s no charge.&#8221;<\/p>\n<p>Trump had previously signaled that the duties on chips and semiconductors, which have become key components in virtually every industry, could come as soon as next week.<\/p>\n<p>The remarks came after Trump touted a commitment by <a href=\"https:\/\/www.cnbc.com\/quotes\/AAPL\/\" rel=\"nofollow noopener\" target=\"_blank\">Apple<\/a> to invest another $100 billion in the U.S. over the next four years, on top of the $500 billion the tech giant has previously pledged.<\/p>\n<p>Several top chipmakers, including Taiwan Semiconductor, <a href=\"https:\/\/www.cnbc.com\/quotes\/NVDA\/\" rel=\"nofollow noopener\" target=\"_blank\">Nvidia<\/a> and <a href=\"https:\/\/www.cnbc.com\/quotes\/GFS\/\" rel=\"nofollow noopener\" target=\"_blank\">GlobalFoundries<\/a>, have already pledged to manufacture some of their products in the U.S.<\/p>\n<p>They&#8217;re not alone: More than 130 projects in the U.S. totaling $600 billion dollars have been announced since 2020, according to the <a href=\"https:\/\/www.semiconductors.org\/chip-supply-chain-investments\/\" target=\"_blank\" rel=\"nofollow noopener\">Semiconductor Industry Association<\/a>.<\/p>\n<p>TSMC, the world&#8217;s largest contract chip company, has pledged to invest a total of $165 billion in U.S. manufacturing.<\/p>\n<p>Nvidia, the world&#8217;s most valuable company, said in April that it plans to spend $500 billion on AI infrastructure in the U.S. over the next four years.<\/p>\n<p>GlobalFoundries pledged $16 billion in June to expand its semiconductor manufacturing at facilities in New York and Vermont.<\/p>\n<p>Also in June, <a href=\"https:\/\/www.cnbc.com\/quotes\/TXN\/\" rel=\"nofollow noopener\" target=\"_blank\">Texas Instruments<\/a> announced a $60 billion boost to seven chip fabs in the U.S. The company counts Apple, <a href=\"https:\/\/www.cnbc.com\/quotes\/F\/\" rel=\"nofollow noopener\" target=\"_blank\">Ford<\/a>, <a href=\"https:\/\/www.cnbc.com\/quotes\/MDT\/\" rel=\"nofollow noopener\" target=\"_blank\">Medtronic<\/a>, Nvidia and SpaceX as customers.<\/p>\n","protected":false},"excerpt":{"rendered":"U.S. President Donald Trump speaks during an event with Apple CEO Tim Cook in the Oval Office of&hellip;\n","protected":false},"author":2,"featured_media":63696,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[11623,1071,5681,28,122,1072,12,101,1301,47155,47156,3487,111,74,3489,4532,21],"class_list":["post-63695","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-apple-inc","tag-breaking-news-politics","tag-breaking-news-technology","tag-business","tag-business-news","tag-donald-j-trump","tag-donald-trump","tag-economy","tag-ford-motor-co","tag-globalfoundries-inc","tag-medtronic-plc","tag-nvidia-corp","tag-politics","tag-technology","tag-texas-instruments-inc","tag-tim-cook","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/63695","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=63695"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/63695\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/63696"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=63695"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=63695"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=63695"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}