Overview

• President Trump invoked Section 232 of the Trade Expansion Act to justify a forthcoming 100% duty on chip imports
• Firms that have built or pledged to build semiconductor capacity in the U.S. will be exempt from the tariff and could face retroactive charges if they fail to deliver
• The announcement came during a White House event with Apple CEO Tim Cook, who announced an additional U.S. manufacturing investment to secure exemption
• No implementation date has been set for the tariffs, but the administration plans to publish detailed sector-specific rules within days
• Industry experts warn that steep chip duties could drive up prices for electronics and autos and complicate efforts to re-shore complex supply chains