Goa, Aug. 7 -- Former US President Donald Trump announced plans to impose a 100% tariff on imported computer chips and semiconductors, warning tech giants to relocate production to the United States or face steep costs.

Speaking from the Oval Office alongside Apple CEO Tim Cook, Trump stated, "We'll be putting a tariff of approximately 100% on chips and semiconductors. But if you're building in the United States of America, there's no charge."

The move triggered an early reaction in Asian markets on August 7, with chip-related stocks dipping. However, shares of US-based tech firms like Apple, Nvidia, and Intel saw a rise in extended trading following Trump's indication that domestically manufacturing companies would be exempt.

The anno...