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Donald Trump said his administration will impose substantial tariffs on semiconductor imports from companies that do not shift production to the US.
US President Donald Trump (Photo: AP)
Donald Trump has warned of imposing tariffs on semiconductor imports from companies that do not shift production to the United States.
Speaking ahead of a dinner with major technology company CEOs, the US President said he had a discussion with people over the matter and that the tariffs would be coming up “very shortly”.
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“Yeah, I have discussed it with the people here. Chips and semiconductors, we will be putting tariffs on companies that aren’t coming in. We will be putting a tariff very shortly,” Trump said without giving an exact time or rate.
“We will be putting a very substantial tariff, not that high, but a fairly substantial tariff with the understanding that if they come into the country, if they are coming in, building, planning to come in, there will not be a tariff,” Trump told reporters.
“If they are not coming in, there is a tariff,” Trump said in his comments on semiconductors.
“Like, I would say (Apple CEO) Tim Cook would be in pretty good shape,” he added, as Cook sat across the table.
About the Author
Vani Mehrotra is the Deputy News Editor at News18.com. She has nearly 10 years of experience in both national and international news and has previously worked on multiple desks.
Vani Mehrotra is the Deputy News Editor at News18.com. She has nearly 10 years of experience in both national and international news and has previously worked on multiple desks.
September 05, 2025, 06:56 IST
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