Ammon News - President Donald Trump said the United States will impose a tariff of about 100% on imports of semiconductors but offered up a big exemption - it will not apply to companies that are manufacturing in the U.S. or have committed to do so.

The move is part of Trump's efforts to bring manufacturing back to the United States, and his remarks on Wednesday were made in tandem with an announcement that Apple would be investing an additional $100 billion in its home market.

For companies like Apple, which have committed to build in the United States, "there will be no charge," he told reporters in the Oval Office.

He warned, however, that companies should not try to wrangle out of pledges to build U.S. factories. Reuters