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Trump says US will levy 100% tariff on some chip imports

Trump says US will levy 100% tariff on some chip imports

(VOVWORLD) - The United States will impose a tariff of about 100% on semiconductor chips imported from countries not producing in America or planning to do so, President Donald Trump said.

Trump told reporters in the Oval Office on Wednesday the new tariff rate would apply to "all chips and semiconductors coming into the United States," but would not apply to companies that had made a commitment to manufacture in the United States or were in the process of doing so.

The comments were not a formal tariff announcement, and Trump offered no further specifics.

It is not clear how many chips, or from which country, would be impacted by the new levy. 

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