Trump announces 100% tariffs on semiconductor makers - but Apple won't be hit, and this key chipmaker will also escape sanctions

• Trump adminstration is imposing 100% tariffs on semiconductors
• However TSMC looks to be exempt
• The news comes alongside a $100 billion Apple investment in US manufacturing

The Trump presidency has been underscored by consistent but evolving threats of tariffs on just about all trading partners and industries - and has now imposed a 100% tariff levy on semiconductors being imported into the US.

The tariffs will have an exception for firms that build in America, or have committed to do so, Reuters reports, perhaps obvious given the President’s ambition to bring tech manufacturing and development to home soil.

As with plenty of other Trump plans, these tariffs aren’t yet fleshed out, and their parameters are unclear. What is clear though, is the continued prioritisation of US firms over trade partners, despite the US’s limited chipmaking manufacturing capabilities.