Trump threatens 100% tariff on chips, market calls bluff.
TRUMP: “We will be putting a tariff of approximately 100% on chips and semiconductors unless you build them in the USA” https://www.macrumors.com/2025/08/06/trump-100-percent-tariff-chips/
um…either he’s trolling or the semi stocks are about to pay a pretty big tariff since we barely make any chips in the US. The U.S. chip output is a rounding error, most fabs still offshore. If this goes through, it’s not a tariff, it’s a blackout.
Why Nvidia and other chip stocks are shrugging off Trump’s latest tariff threat? https://www.morningstar.com/news/marketwatch/20250806436/why-nvidia-and-other-chip-stocks-are-shrugging-off-trumps-latest-tariff-threat
As long as they committed to build in US, they exempted? Even a shovel counts. The exemption is based on intent, not output.
Trump: companies “building in the United States, or made a commitment to build or are in the process” won’t pay the tariff. https://www.macrumors.com/2025/08/06/trump-100-percent-tariff-chips/
Even if they’re not producing yet, they’re exempt. https://www.msn.com/en-us/news/politics/trump-says-he-will-impose-100-percent-tariff-on-semiconductors/ar-AA1K2PVw
If they promise and don’t follow through, tariffs will be “added up” and “charged at a later date.” https://www.macrumors.com/2025/08/06/trump-100-percent-tariff-chips/
Nvidia pledged $500B in U.S. AI infrastructure earlier this year. https://www.morningstar.com/news/marketwatch/20250806436/why-nvidia-and-other-chip-stocks-are-shrugging-off-trumps-latest-tariff-threat
That’s why NVDA barely flinched. TXN and GFS, already building in the U.S., jumped 3–6%. Wall Street’s reading the fine print, not the headline.
Wall Street calls it the TACO trade: Trump Always Chickens Out. https://www.morningstar.com/news/marketwatch/20250806436/why-nvidia-and-other-chip-stocks-are-shrugging-off-trumps-latest-tariff-threat
🚨 BREAKING: President Trump just announced he will be putting a 100% tariff on chips & semiconductors being imported
"Companies like Apple are COMING HOME!"
"If you have made a commitment to build or are in the process of building [in USA], as many are, there is no tariff."… pic.twitter.com/7OubWJMlRd
— Nick Sortor (@nicksortor) August 6, 2025