Trump Proposes Tariffs on Semiconductor Imports, Exempts Apple Amid U.S. Investment Pledge
President TRUMP announced plans to impose tariffs on semiconductor imports, signaling a "fairly substantial" duty on chips during a White House dinner with tech leaders. Apple CEO Tim Cook received assurances of exemption, contingent on the company's $100 billion U.S. investment pledge. The tech giant's broader $600 billion domestic manufacturing plan, including partnerships with Corning and Texas Instruments, underscores its commitment to reshoring supply chains.
Tariff exemptions will apply to firms expanding U.S. operations, a MOVE framed as incentivizing domestic production. The policy follows earlier proposals for 100% tariffs on semiconductor imports, with Apple's Kentucky-based Corning glass factory cited as a model for high-tech reshoring.
