Reported 24 days ago
President Trump announced that a 100% tariff will be imposed on semiconductors made abroad unless the companies pledge to manufacture in the United States. This announcement came during a press event with Apple CEO Tim Cook, who revealed a $100 billion investment in US research and manufacturing. Trump emphasized that companies committing to build in the US would avoid these tariffs, while those failing to fulfill their promises would face additional tariffs.
Source: YAHOO