President Trump has announced that US will impose a 100% tariff on imports of semiconductors subject to an exemption that it will not apply to companies that are manufacturing in the US or have committed to do so. It is hinted that this exemption will apply to companies like Apple, Nvidia, GlobalFoundries and others who have committed funds towards or pledged to manufacture semiconductor products in the US. President Trump’s announcement was, however, not a formal tariff announcement, and much remains unclear about how companies and countries around the world will be impacted.
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