President Donald Trump plans to impose tariffs of “approximately 100%” on semiconductor imports, he said during a press briefing at the White House on Wednesday.
Trump did not provide details about when the tariffs would go into effect or when the White House would release official documentation and guidance.
The Trump administration is currently conducting a Section 232 investigation into semiconductor imports to assess their impact on national security and the domestic supply chain. Similar probes have led to sector-specific levies for steel, aluminum and copper.
On Tuesday, Trump said he would announce duties on semiconductors and pharmaceutical products “in the next week or so.” He indicated that pharmaceutical imports, which are also under Section 232 review, would face tariffs as high as 250%.
The White House has several other Section 232 investigations underway, including on critical minerals, commercial aircraft and jet engines, and medium- and heavy-duty trucks and parts.
Wednesday’s announcement came during a presentation in the Oval Office in which Apple CEO Tim Cook said the electronics giant would increase its investment in U.S. manufacturing by $100 billion over the next four years. In February, the company said it would invest $500 billion.
Meanwhile, in recent months, chipmakers Taiwan Semiconductor Manufacturing Company and AI computing giant Nvidia have each unveiled plans to invest billions of dollars in the U.S.
