Trump Announces 100% Duty on Semiconductor Imports After 50% Tariff on India

Donald Trump has announced a 100% tariff on the import of computer chips and semiconductors. This move is expected to increase the prices of products like electronics and automobiles in the US. However, companies manufacturing semiconductors in the US will get tariff exemption. Trump's decision is likely to affect American consumers as electronic devices like mobiles and cars may become expensive.

US President Donald Trump is in the headlines these days for his tariff decision. He has recently announced an additional 25 percent duty on India. After this, the tariff on India has increased to 50 percent. Now a new announcement has been made.

In fact, on Wednesday, US President Donald Trump said that he is going to decide to impose a 100 percent tariff on the import of computer chips and semiconductors. It is believed that after this move of Trump, the prices of electronics, automobile household appliances and other essential commodities are likely to increase in the US.