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.

Washington

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

Global Tariffs

President Donald Trump stated that the United States will impose a 100% tariff on semiconductor chips imported from countries that do not manufacture or plan to manufacture chips in the U.S. The tariff will not apply to companies that have committed to or are in the process of building manufacturing facilities in the country. The announcement leaves uncertainty regarding which countries and how many chips will be affected, though major suppliers like Taiwan's TSMC, which has U.S. factories, may not be impacted. Countries such as South Korea, Japan, and members of the European Union have trade agreements with the U.S. that set lower tariffs, potentially giving them an advantage.

Trump says U.S. will levy 100% tariff on some chip imports

President Donald Trump said on Wednesday the United States will impose a tariff of about 100 percent on semiconductor chips imported from countries not producing in America or planning to do so. Trump told reporters in the Oval Office the new tariff rate would apply to, quote, all chips and semiconductors coming into the United States. However, he said it would not apply to companies that had made a commitment to manufacture in the United States or were in the process of doing so. If you're building, there will be no charge. So I just want everyone to know that. And I didn't even tell you that inside. We discussed the concept, but I didn't. So it's a big factor. It is not clear how many chips or from which country would be impacted by the new levy. Taiwanese chip contract manufacturer TSMC, which supplies most U.S. companies, has factories in the country. So its big customers, such as NVIDIA, are not likely to face increased tariff costs. An NVIDIA spokesperson declined Reuters' request for comment. Any chip tariffs would likely target China, with whom Washington is still negotiating a trade deal. Chipmaking nations South Korea and Japan, as well as the European Union, have reached trade deals with the U.S., potentially giving them an advantage. The EU said it agreed to a single 15 percent tariff rate for the vast majority of EU exports, which includes chips. South Korea and Japan said separately that the U.S. agreed not to give them worse tariff rates than other countries on chips, suggesting a 15 percent levy as well.

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New York

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Moscow

Ukraine Invasion

Trump to meet with Putin "in the coming days," Kremlin says

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Jerusalem

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Fort Stewart

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Hiroshima

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Beijing

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Trump says U.S. will levy 100% tariff on some chip imports

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