Trump plans to impose 100 pct tariff on imported semiconductors

U.S. President Trump said Wednesday that he plans to impose a 100 percent tariff on imported semiconductors. Together with Apple's Chief Executive Tim Cook, he also announced that Apple plans to invest an additional 100 billion U.S. dollars in the United States.

In a press release, Apple said the new commitment is a significant acceleration of its U.S. investment that now totals 600 billion dollars over the next four years. Apple also announced the American Manufacturing Program, through which it will increase its investment across America and incentivize global companies to manufacture even more critical components in the United States.