President Donald Trump is eyeing a “25% or higher” tariff across all semiconductor chips the United States imports, with rates likely to “go very substantially higher over a course of a year,” he told reporters on Tuesday.

The tech giant said it plans to accelerate its spending in the U.S. while aiming to open a new server factory in Houston in 2026.

Apple Inc., as it seeks relief from US President Donald Trump’s tariffs on goods imported from China, said that it will hire 20,000 new workers and produce AI servers in the US. The company said Monday that it plans to spend $500 billion domestically over the next four years,

Since returning to office last month, U.S. President Donald Trump has initiated numerous tariffs and made even more frequent threats to impose levies on imported goods.

One Canadian steel company is seeing business slow down so they are cutting hours. Conquest steel says products are getting stuck at the border.