The United States may see a rise in the cost of electronic products due to Donald Trump’s announcement of a 100% tariff on computer chips. This action follows a prior declaration of a 50% tariff on India. The repercussions of this decision could extend to a variety of goods, affecting prices for electronics, home appliances, vehicles, and digital items.
In the Oval Office, Trump stated that the new tariff would apply to all imported chips and semiconductors. Manufacturers already producing in the US or in the process of establishing production facilities would be exempt. He also warned that companies not fulfilling their US manufacturing promises would face tariffs and retroactive charges.