Jobs & EconomyIncorrect
“We'll be putting a tariff on of approximately 100 percent on chips and semiconductors, but if you're building in the United States of America, there's no charge, even though you're building and you're not producing yet.”
President of the United States
Said Aug 6, 2025Deadline Dec 31, 2025Oval Office remarks with Apple CEO Tim Cook, August 6, 2025 (Associated Press / Al Jazeera)
No ~100% semiconductor tariff took effect. The Section 232 proclamation Trump signed on January 14, 2026 imposed only a narrow 25% tariff on certain advanced semiconductors effective January 15, 2026, with Commerce signalling that higher rates might follow for firms that do not invest in US production.