The Trump administration's tariff policies are beginning to reverberate across the U.S. economy, affecting businesses and consumers alike. While intended to bolster American interests, these measures are creating complex challenges both domestically and globally.

President Donald Trump said Wednesday that he plans to impose 100 percent tariffs on tens of billions of dollars of imported semiconductors used in consumer electronics and other products, but indicated he would not charge companies that commit to making chips in the U.

President Trump on Wednesday unveiled a hefty new tariff — "approximately 100%" — on imported microchips, unless companies make them in the United States.