Trump announces 100% tariffs on imported chips

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The United States will impose a 100% tariff on imported chips or chip components. U.S. President Donald Trump told reporters at the White House, noting that the tariff would not be imposed on companies that have committed to manufacturing in the U.S. "If you committed to build in the U.S. or if you are in the process of building like many others - there is no tariff," he said.
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