President Trump to impose tariffs on semiconductor imports from firms not moving production to America

President Donald Trump holds a signed executive order on tariffs, in the Rose Garden at the White House in Washington, D.C., April 2, 2025. Photo by Leah Millis/Reuters
President Donald Trump announced Thursday that his administration will impose tariffs on semiconductor imports from companies that do not move production to the U.S., speaking before a dinner with top tech company CEOs.
“I have discussed it with the people here. Chips and semiconductors – we will be putting tariffs on companies that aren’t coming in. We will be putting a tariff very shortly,” the president said. “We will be putting a very substantial tariff, not that high, but fairly substantial tariff with the understanding that if they come into the country, if they are coming in, building, planning to come in, there will not be a tariff.”
Jeff Mason and Kanishka Singh for Reuters:
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Trump has made tariffs a pillar of U.S. foreign policy, using them to exert political pressure and renegotiate trade deals and extract concessions from countries and companies that export goods to the U.S.
“If they are not coming in, there is a tariff,” Trump said in his comments on semiconductors. “Like, I would say (Apple CEO) Tim Cook would be in pretty good shape,” he added, as Cook sat across the table.
iPhone maker Apple recently raised its total domestic investment commitment in the U.S. to $600 billion over the next four years as tech leaders have warmed up to Trump in his second term.

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MacDailyNews Note: Apple Silicon manufacturer TSMC in July announced that it would speed up construction of American chip plants by “several quarters.”

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