Trump Steps Up Tariff Pressure on Foreign Chipmakers

President Donald Trump plans to impose tariffs on semiconductor imports from firms that do not shift production to the U.S., reinforcing his tech strategy. “We will be putting tariffs on companies that aren't coming in,” he said on Thursday, noting the levy would be “fairly substantial,” though not “that high.” Companies building or planning facilities in the U.S. would be exempt: “If they are coming in… there will not be a tariff.” Since returning to office in January, Trump has leaned heavily on tariff threats, straining global trade ties and fueling economic uncertainty. Tariffs remain central to his foreign policy, aimed at pressuring partners and reshaping supply chains. Just last month, he suggested a 100% tariff on chip imports, with carveouts for U.S. manufacturers and those committed to local production.