Pakistan, Aug. 7 -- President Donald Trump has announced a 100 percent tariff on semiconductors from companies that do not manufacture in the United States. The move, revealed during a White House briefing on Wednesday, sent shockwaves through global chip markets, especially in Asia. Trump said the tariff aims to push companies to shift production to the US, adding that firms building domestically will be exempt from the charge.

This latest action comes amid intensifying competition between the United States and China to dominate high-end semiconductor technology, crucial for powering artificial intelligence systems. While Trump didn't provide an exact timeline for implementation, experts believe the tariff could reshape global supply ch...