President Donald Trump’s sweeping new tariffs finally took effect on Thursday, slapping levies on dozens of countries and risking price increases for a host of everyday goods. Tariffs between 10% and 41% were applied to nearly 70 countries beginning at 12:01 a.m. Thursday, significantly expanding the reach of Trump’s confrontational trade policy.

By Andrea Shalal, David Shepardson and Arsheeya Bajwa WASHINGTON (Reuters) -The United States will impose a tariff of about 100% on semiconductor chips imported from countries not producing in America or planning to do so,

President Donald Trump said he will impose a 100% tariff on imports of semiconductors and chips, but not for companies that are "building in the United States."