100% tariff on semiconductors

A newly threatened 100% tariff on semiconductors and computer chips imported into the US could have a significant ripple effect throughout the recreational boating industry. US President Donald Trump announced a forthcoming 100% tariff on all imported computer chips unless manufacturers commit to building production facilities in the United States, aiming to boost domestic semiconductor manufacturing. This policy follows semiconductor shortages during the COVID-19 pandemic and emphasises the current reliance on imports, as US manufacturers produce only about 12% of global semiconductors, with penalties for companies that fail to fulfill their commitments to US-based production.