Trump warns ‘fairly substantial' chip tariffs are coming; signals Apple, others will be safe
1. Trump plans substantial tariffs on semiconductor imports unless firms produce in the U.S. 2. Apple's Tim Cook assuredly supports domestic manufacturing to avoid tariffs. 3. Apple committed $100 billion to U.S. manufacturing, on top of a prior $500 billion. 4. Exemptions may apply to major semiconductor companies investing in U.S. facilities. 5. Details of tariffs are unclear; only manufacturers expanding domestically are spared.