Trump announces tariff of about 100% on chips and semiconductors with one exception

Tariffs on Chips and Semiconductors - A 100% tariff will be imposed on chips and semiconductors entering the United States [1][2] - No tariff will be applied to companies building in the United States [1][2] Incentives for Domestic Production - Companies committed to building or in the process of building in the US will be exempt from the 100% tariff [2] - Building in the United States results in no charge [1]