<h2 class="topline-heading">Topline</h2><p>President Donald Trump announced Wednesday a 100% tariff on chips and semiconductors, saying companies like Apple would receive exemptions for producing goods in the U.S. </p><figure class="embed-base image-embed embed-0" role="presentation"><div class="image-embed__placeholder"><img src="https://specials-images.forbesimg.com/imageserve/6893ce3fc8f4a72ffd9a4199/President-Trump-Makes-An-Announcement-In-The-Oval-Office/960x0.jpg?cropX1=0&amp;cropX2=2430&amp;cropY1=0&amp;cropY2=1620" alt="President Trump Makes An Announcement In The Oval Office" width="100%" height="auto"></div><div style="--article-bg-color:#faf3f1"><div class="bMqrj"><div class="Jp--BF7-"><span style="-webkit-line-clamp:2" class="Ccg9Ib-7 _8XF2kHYM">Trump made the announcement Wednesday. (Photo by Win McNamee/Getty Images)</span></div><small class="pGGCM2aD">Getty Images</small></div></div></figure>

<div class="key-facts-element"><p>Trump said the 100% tariff on all chips and semiconductors being exported to the U.S. could be avoided by companies if they have “made a commitment to build or if you are in the process of building” manufacturing plants on U.S. soil.</p></div>

<em>This is a developing story. Check back for updates.</em>

The president said companies will face no tariffs if they are building or have committed to building manufacturing plants in the U.S.{ai:summary}<p>President Donald Trump announced a 100% tariff on chips and semiconductors imported to the U.S., with exemptions for companies like Apple that commit to manufacturing in the U.S. </p><p>The tariff aims to encourage domestic production while impacting the semiconductor supply chain. #economy</p>

U.S. Will Place 100% Tariff On Chips And Semiconductors, Trump Says

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