(VOVWORLD) - The US will impose a tariff of 100% on imports of chips and semiconductors, but tech companies can avoid the levy by investing in US manufacturing, US President Donald Trump announced on Wednesday.
 US President Donald Trump speaks to reporters in Washington, DC. (Photo: Xinhua/VNA) |
There will be no charge for companies that are manufacturing in the US or have committed to do so, President Trump told reporters in the Oval Office. He added that companies should not try to wrangle out of their pledges to build US factories.
"If, for some reason, you say you're building and you don't build, then we go back and we add it up. It accumulates, and we charge you at a later date," he said.