By Gerrit De Vynck , Cat Zakrzewski and Jacob Bogage

President Donald Trump said Wednesday that he would place a 100 percent tariff on all computer chips imported to the United States, but exempt companies that commit to “building” on U.S. soil.

The proposal puts economic pressure on U.S. firms, particularly in the tech industry, which generally depend on Asia for the crucial components, setting the stage for more of the showy investment deals Trump has prompted from the industry in his second term.

Because importers often pass on the tariff costs to consumers, the chip levies could raise the price of consumer goods dependent on chips ranging from smartphones to kitchen goods to automobiles. Advertisement Advertisement

Apple has secured an exemption from the chip tariff, Trump

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