CNBC AI News, August 7th – In a development that could upend the global semiconductor industry, former U.S. President Donald Trump has signaled his intent to impose tariffs of approximately 100% on imported chips and semiconductors. According to a report by CCTV News, Trump outlined a scenario where these tariffs would be waived for companies manufacturing within the United States.
“We’re going to be putting very high tariffs on chips, on semiconductors,” Trump stated. “But there’s good news for a company like Apple: if you’re building in the United States, or are unequivocally committed to building in the United States, you don’t have to pay those tariffs.” This statement suggests a strategic incentive designed to bolster domestic semiconductor manufacturing.
Furthermore, Trump indicated that independent tariffs could be levied on all products containing semiconductor chips as early as next week, potentially impacting a wide swath of consumer electronics and industrial sectors.
This isn’t the first time Trump has floated the idea of significant tariffs on imported semiconductors. His stance reflects a broader agenda to reshape global supply chains and incentivize domestic production.
As far back as April, Trump posted on social media, stating, “In our upcoming National Security Tariff investigation, we will be focused on semiconductors and the entire Electronic Supply-Chain. We must make these products at home!” This highlights a national security rationale underpinning the proposed tariffs and a push for greater self-reliance in critical technology sectors.
The potential impact on companies like Apple remains a key point of observation. Apple previously announced a $100 billion investment pledge in the United States.
Through its ‘Made in the USA’ program, Apple is reportedly increasing its investments across the country and incentivizing global suppliers to manufacture more key components within the United States. This includes expanding partnerships with U.S.-based manufacturers and supporting initiatives to improve domestic supply chain resilience.
Looking ahead, Apple plans to directly employ 20,000 individuals in the U.S. over the next four years, with a significant portion focused on research and development, chip engineering, software development, and the burgeoning fields of artificial intelligence and machine learning. This commitment reflects a strategic alignment with the U.S. government’s push for domestic technological leadership.
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