President Donald Trump stated he’ll impose tariffs on semiconductor imports “very shortly,” however will spare merchandise from firms like Apple Inc., which have dedicated to boosting investments within the US.
Talking at a White Home dinner with prime know-how executives and founders, together with Apple CEO Tim Cook dinner, Trump stated Cook dinner “could be in fairly good condition” given Apple’s latest pledges to broaden US operations.
Trump defined that tariffs would goal firms not investing or constructing within the US. “We’ll be placing tariffs on firms that aren’t coming in,” he informed reporters. “You’re in all probability listening to we’ll be placing a reasonably substantial tariff — not that top, however pretty substantial.” Corporations investing in US manufacturing, he added, wouldn’t face tariffs.
Simply final month, Trump informed Cook dinner he deliberate a 100% tariff on semiconductors however promised exemptions for corporations shifting manufacturing to the US. Apple has already pledged $600 billion for a home manufacturing initiative.
Trump has beforehand instructed tariffs might even exceed 100%, with potential charges as excessive as 200% or 300%.
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