India, Sept. 5 -- US President Donald Trump said on Thursday that he would impose tariffs on semiconductor imports "very shortly".

According to Trump, the order would spare goods from companies such as Apple that have pledged to boost their production in the US.

"Tim Cook would be in pretty good shape," Trump said, noting his recent investment commitments, while addressing the media at the White House dinner with several tech CEOs.

Trump said that the tariff wouldn't be high but "fairly substantial".

"I've discussed it with the people here, chips and semiconductors, and we'll impose tariffs on companies that aren't in. We'll impose a tariff very shortly. You probably are hearing we'll impose a fairly substantial tariff, or not that hi...