‘Not that high’: Donald Trump vows ‘fairly substantial’ chip tariffs soon; tech industry braces for impact

President Trump declared the imminent imposition of a “fairly substantial tariff” on imported computer chips during a White House dinner with tech executives. This announcement follows previous threats, including a potential 100% tariff on semiconductors from companies not investing in the US. The move comes amid a US-China trade war and competition in high-end semiconductor development, while Trump seeks a Supreme Court ruling on broader tariff legality.