25 per cent US tariff on semiconductor imports will hurt Apple, Nvidia

President Donald Trump’s dramatic announcement of a 25 per cent tariff on semiconductor imports into the US is very likely to boomerang.

The Indian Electronics & Semiconductor Association reckons that the tariff will have only a limited impact on Indian companies.

However, it is expected to hit American companies like Nvidia and Apple really hard, raising the prices of their products for US consumers.