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Trump says he plans to put a 100% tariff on computer chips, likely pushing up cost of electronics
President Donald Trump says he's imposing a 100% tariff on computer chips— a move that will likely raise the cost of electronics, autos, household appliances and other essential goods
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.
