Trump’s global tariffs have been locked in: Who is winning and who is losing?
President Donald Trump’s new round of global tariffs is causing major economic changes. This is who gets it and who gets the biggest hit.
President Donald Trump said he plans to impose 100% tariffs on computer chips and semiconductors, with the exception of companies committed to building the US.
Trump said companies such as Apple have pledged to build in the US will be spared tariffs. He did not provide details on when the tariffs would come into effect.
“If it’s built in the United States, there’s no fee. Even though you’re building it and haven’t produced it yet in terms of many jobs… there’s no fee.”
Customs on computer chips and semiconductors can raise prices for products such as personal computers, smartphones, electric cars, and video game consoles. In April, Nvidia announced plans to fully manufacture AI supercomputers for the first time, pledging to build an AI supercomputer in Texas with advanced chips for Arizona and AI supercomputers.
The White House praised Nvidia’s decision as “effective in Trump’s actions.”
Trump currently places tariffs in a variety of sectors, including 50% of steel, aluminum and copper and 25% of imported cars. Dozens of countries are also facing country-specific tariffs first announced on April 2, which has been called the Day of Liberation by Trump.
