Trump plans 100% tariff on computer chips, semiconductors: Will electronics get costlier?

United States President Donald Trump said on Wednesday, August 6, that he would impose a 100 per cent tariff on computer chips and semiconductors, but added that companies that manufacture computer chips in the country would be spared the tax. With the 100 per cent tariffs on computer chips and semiconductors, the prices of electronics, automobiles, household appliances, and other digital-age essentials are likely to rise.

Speaking at the Oval Office, Donald Trump said, “We’ll be putting a tariff on of approximately 100% on chips and semiconductors.”