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Trump threatens 100% chips tariff, unless companies build in US

Mohamed Abdelhamid 7 August, 2025 3:04 am Commodities, Forex Market, Market Update

US President Donald Trump said that he will impose a 100% tariff on imports that include semiconductors and chips, but not for companies that are building in the United States.

The announcement came after Apple Inc. CEO Tim Cook and the president announced a fresh $100 billion investment plan from the Oval Office.

Market reaction

At the time of writing, the US Dollar Index (DXY) is trading 0.03% lower on the day to trade at 98.20.

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