Trump says he plans to put a 100% tariff on computer chips, likely pushing up cost of electronics
By JOSH BOAK
WASHINGTON (AP) — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, likely raising the cost of electronics, autos, household appliances and other goods deemed essential for the digital age.
The Republican president said that companies who make computer chips in the U.S. would be spared the import tax. During the COVID-19 pandemic, a shortage of computer chips increased the price of autos and contributed to an uptick in overall inflation.
More Stories
Alfred Patterson: Turning Big Ideas Into Real Results
Most people see the finished project. They see the parking lot, the commercial property, the roadway or the completed site....
How CABA Design Turned Practical Ideas Into Chicory
The outdoor furniture industry has never lacked big promises. Brands often talk about style, comfort, and luxury. But the team...
Akshay Kumar Built a Career Around Purpose, Not Prestige
Growing up in an entrepreneurial family often leads people to measure success through business growth, financial results, or professional titles....
Sebastian Pastor on Leadership, Business and Lasting Impact
Sebastian Pastor is a Honduran businessman, investor and executive whose career spans advertising, media, philanthropy and sport. Raised in Tegucigalpa,...
Pia Ferrari on Leadership, Media and Giving Back
Pia Ferrari is a Honduran executive whose career has been shaped by leadership, communication and a strong commitment to serving...
Lloyds pledges £45bn of new SME lending under Accelerate 2030
Lloyds Banking Group said on Thursday it would invest more than £13 billion in digital services, including a new smart...