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Trump announces 100% tariff on computer chips. Here's what it could mean for your wallet.
President Donald Trump plans to launch a 100% tariff on non-U.S. computer chips. Experts say the move could hurt consumers.
President Donald Trump plans to impose a 100% tariff on imported computer chips, a move experts warn could compel companies to pull back on production or hike prices. While a semiconductor tariff isn’t expected to create widespread shortages to that degree, Rogers warned some companies may pull back on production if import costs go up. Already, automaker Stellantis has paused production at select plants to avoid paying tariffs, contributing to a 6% year-over-year decline in car shipments as of the second quarter.
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