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REDDIT

Make in America or face 100% tax, Trump tells Taiwan's TSMC

O
Apr 9, 2025 · 02:09

April 8 (Reuters) - President Donald Trump on Tuesday said he told the Taiwan Semiconductor Manufacturing Company, which has pledged to build new factories in the United States, it would pay a tax of up to 100% if it didn't build its plants in the country Speaking at a Republican National Congressional Committee event, Trump criticized former president Joe Biden's administration for providing a $6.6 billion grant to TSMC's U.S. unit for semiconductor production in Phoenix, Arizona, saying semiconductor companies don't need the money.

So now he's threatening companies... great. That definetly gives other companies confidence to build in America