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.

WASHINGTON (AP) — 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.

By Andrea Shalal, David Shepardson and Arsheeya Bajwa WASHINGTON (Reuters) -President Donald Trump said the United States will impose a tariff of about 100% on imports of semiconductors but offered up a big exemption - it will not apply to companies that are manufacturing in the U.