Donald Trump has vowed to impose a 100 per cent tariff on semiconductor imports, but said companies such as Apple that invested in the US could avoid the new levies.
The US president unveiled his new plan to tax chip imports at a meeting in the Oval Office on Wednesday with Apple’s chief executive Tim Cook, who said his tech company would raise its planned US investments in the coming years by $100bn.
Trump said: “We’ll be putting a tariff on approximately 100 per cent on chips and semiconductors, but if you are building in the United States of America there’s no charge.”
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