Few details have been released since Trump announced plans for a 100 percent tariff at a White House event on August 7. Exemptions would be given to companies that build research or manufacturing facilities in the US, but tariffs could be applied retroactively if those firms fail to follow through on planned investments. Trump indicated higher rates up to 200–300 percent are under consideration and that tariffs will be set in the coming weeks. The stated objective is to re-shore investment and manufacturing to the US. Experts warn the tariffs could disrupt global supply chains and penalise firms already producing chips in the US.
The US president has threatened to impose a tariff of up to 300 percent on imports of semiconductors. United States President Donald Trump has threatened to impose tariffs of up to 300 percent on semiconductor imports, with exemptions for foreign companies that commit to manufacturing in the US. Trump has cast the proposed tariff as a way to drive investment to the US, but experts say it could also disrupt global supply chains and even penalise companies already making chips in the US.
The US president said exemptions would be given to companies that build research or manufacturing facilities in the US, but tariffs could be applied retroactively if they failed to follow through on their planned investments. If, for some reason, you say you're building, and you don't build, then we go back, and we add it up, and we charge you at a later date, you have to pay, and that's a guarantee, Trump told reporters.
On Friday, Trump told reporters on board Air Force One that more details would be announced soon and that the tariff could be much higher than previously suggested. I'll be setting tariffs next week and the week after, on steel and on, I would say chips chips and semiconductors, we'll be setting sometime next week, week after, Trump said en route to Alaska to meet with Russian President Vladimir Putin.
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