Quote:Trump announced late Wednesday that there would be a 100% tariff on imported chips, but not for companies that are “building in the United States.” Nvidia shares rose more than 1% in the premarket, while Advanced Micro Devices climbed more than 2%. The VanEck Semiconductor ETF (SMH) gained about 2% before the bell. Apple also gained 2% after the iPhone maker announced plans to spend an additional $100 billion on U.S. companies and suppliers over the next four years. That’s on top of a $500 billion announcement Apple made in February.
“We’re going to be putting a very large tariff on chips and semiconductors,” Trump said in the Oval Office on Wednesday. “But the good news for companies like Apple is if you’re building in the United States or have committed to build, without question, committed to build in the United States, there will be no charge.”
https://www.cnbc.com/2025/08/06/stock-ma...dates.html
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