US EditionApple Chipmaker TSMC Says It Too Is Exempt From US Tariffs
UNITED STATES, AUG 6 – Apple pledges an additional $100 billion investment in US manufacturing as President Trump plans a 100% tariff on imported computer chips to boost domestic production.
- President Donald Trump announced plans to impose a 100 per cent tariff on imported computer chips while sparing those made in the US.
- Trump's decision on tariffs came after he criticized Apple and its CEO Tim Cook for relocating iPhone manufacturing to India as a way to circumvent tariffs planned for products made in China.
- At the White House, Apple CEO Tim Cook joined Trump to announce an additional $100 billion investment in US manufacturing involving 10 companies.
- Trump described the move as an important milestone in achieving the objective that iPhones available in the U.S. are manufactured domestically, while Apple’s stock climbed by almost 6 percent.
- The tariff is expected to raise costs of electronics, cars, and appliances, while Apple's increased investment aims to bolster US domestic production.
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Apple's shares experienced a 1.6% increase in the first operations of the day in Frankfurt. This financial uppour comes after the company announced an ambitious plan to increase its investments in the United States by the flurry of $100 billion.This news brings a breath of fresh air to both investors and market analysts, as it dispels some recent concerns.The technology giant has shown a strong economic commitment by channeling a significant add…
Apple chipmaker TSMC says it too is exempt from US tariffs
After Apple committed to an additional $100 billion in US manufacturing spend and presented Trump with a trinket for his desk, the president declared that the company would be exempt from his planned 100% tariff on chips imported into the country. Apple chipmaker TSMC says it too will be exempt from these tariffs thanks to its plants in Arizona … more…
US President Donald Trump has long spoken of high tariffs on chip imports and now calls them 100 percent. Apple, however, shows how to escape the US investment levy.
Trump plans to impose a $100 tariff on semiconductors and computer chips imported into the United States
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