President Donald Trump said he will impose a 100 percent tariff on computer chips, likely raising the cost of electronics, cars, appliances and other goods considered essential for the digital age.

What did the Republican president declare?

The President said that companies that make computer chips in the United States would not pay the import tax.

He reported that companies like Apple will be exempt from the fee, which is why the technology company has committed to increasing its investment  in American manufacturing to 1 00 billion dollars over the next four years.

"These are companies like Apple that are coming home. They're all coming home, and we want them to come back. They have to because we're going to treat them very well."

"Therefore, we will impose a very high tariff on chips and semiconductors," the president said.

"This is a significant step toward the ultimate goal of ensuring that iPhones sold in the United States of America are also made in America," Trump said at a press conference.

In addition, he returned to the case of the technology company Intel, with whom the United States proposed reaching an agreement but who finally decided to operate in Taiwan.

What's the deal with Apple?

Apple's new commitment comes just weeks after it forged a $500 million deal with MP Materials, which operates the sole producer of rare earths in the United States. The agreement will expand a factory in Texas to use recycled materials and produce magnets that vibrate iPhones.

In a recent call with investors, Cook emphasized that"there's a lot of stuff that's made in the United States."

As examples, he cited some of the iPhone's components, such as the device's glass display and face recognition module, and indicated that the company was preparing to expand its production of other components in its home country.

"We're doing more in this country, and that's on top of having approximately 19 billion chips coming out of the United States now, and we'll do more," Cook told analysts last week.

During the Covid-19 pandemic, computer chip shortages drove up car prices and contributed to a spike in overall inflation.