WASHINGTON - On Thursday, President Donald Trump said he plans to put a 100% tariff on computer chips.

Trump made the remarks during a meeting at the Oval Office with Apple CEO Tim Cook.

Trump plans 100% tariff on computer chips

What they're saying:

"We’re going to be putting a very large tariff on chips and semiconductors," Trump said, adding that it would be "approximately 100 percent."

Trump said companies that make computer chips in the U.S. would be spared the import tax, however.

"100 percent tariff on all chips and semiconductors coming into the United States, but if you've made a commitment to build or if you're in the process of building as many are, there is no tariff."

What this could mean for consumers

Why you should care:

The move will likely increase the cost of el

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