Trump Proposes 100% Tariff, Hits Tech Prices
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Donald Trump said he will add taxes on computer chips. The tax will be one hundred percent, which is very high. This could make electronics more expensive for everyone.
Trump spoke with Apple's CEO, Tim Cook, about this plan. He said companies making chips in the USA will not pay the tax. This encourages companies to build factories in America.
During COVID, chips were hard to find, making cars cost more. The new tax might also make things more expensive. Some think this tax change is good for big companies like Apple.
Big tech companies already invest a lot of money in the USA. Apple promised to invest even more money here recently. People are asking if this deal will protect iPhones made in China.
Trump wants to use taxes to make more chips in the USA. Joe Biden had a different plan to help chip companies. Biden's plan gave money to companies, but Trump does not like that.
Questions
What did Donald Trump say about taxes on computer chips?
He said he will add a one hundred percent tax on computer chips.
Who did Trump speak with about his tax plan?
He spoke with Apple's CEO, Tim Cook.
What was Joe Biden's plan for chip companies?
Biden's plan gave money to companies to help them.
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