Trump's 100% chips tariff has a big but (I like big buts and I cannot lie)

8 months ago 29

RoboForex - professional services on Forex market

There will be an exemption for firms already building or have committed to building manufacturing facilities in the U.S.

As a recap of the earlier news:

Trump promises very large, 100%, tariffs to come on chips and semiconductors

Trump has announced a 100% tariff on all imported computer chips and semiconductors, aiming to boost domestic production.

However, Trump did provide an 'out' - companies that are already building or have committed to building manufacturing facilities in the U.S. will be exempt. While the move is designed to encourage onshoring, it could raise prices on electronics, cars, appliances, and other consumer goods.

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I wonder if some sort of vague promise to build in the US will be enough qualify for the exemption? Probably, would be my guess.

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