U.S. President Donald Trump said Wednesday that his administration will impose a tariff of about 100 percent on semiconductors, a move bound to impact South Korea's chip industry. Trump made the remarks during a White House event where he announced Apple Inc.

By Andrea Shalal, David Shepardson and Arsheeya Bajwa WASHINGTON (Reuters) -The United States will impose a tariff of about 100% on semiconductor chips imported from countries not producing in America or planning to do so,

President Trump said companies will pay double for computer chips unless they build in the U.S. Apple secured an exemption and promised an extra $100 billion of U.S. investment.