On September 4, President Donald Trump announced that the US government would impose tariffs on imports from semiconductor companies that did not shift production to the US. He stressed that companies could be exempted from tariffs if they invested in the United States or had plans to build factories there.
He said the tariffs would be “Substantial, but not excessive” and named Cook, Apple’s chief executive, as “Good” after the company had pledged to invest $600bn in the US over the next four years. TSMC, Samsung and SK Hynix had already announced us plants.
Donald Trump’s frequent use of tariff pressure has rattled global markets and exacerbated economic uncertainty. Donald Trump announced on August 6 that the US would impose a 100 per cent tariff on imports of semiconductors, which would apply to “All chips and semiconductors coming into the US”, however, it does not apply to companies that have committed to or initiated procedures to manufacture the products in the United States. The government is asking the Supreme Court to intervene in a legal challenge to its tariff policy. (CCTV reporter, Xu Xiao)