President Trump announced a roughly 100% tariff on semiconductors coming into the U.S., but said tech companies such as Apple that are investing in U.S. manufacturing would be exempt from the levies.

Trump threatens steep tariffs on imported chips, urging tech firms to shift production to the US, sparking global supply chain concerns.

Washington — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, raising the specter of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age.