On September 4, U.S. President Trump declared that "substantial" tariffs would soon be imposed on imported products from semiconductor firms that haven't set up factories within the United States, though he clarified that the specific tariff rate wouldn't be excessively steep. He underscored that companies either already investing in the U.S. or with concrete plans to construct factories there would be spared from these tariffs. Later that evening, at a dinner with tech industry leaders held at the White House, Trump reaffirmed this policy position. He specifically singled out Apple CEO Tim Cook, stating that Apple would fare well under this arrangement, given its commitment to investing a staggering $600 billion in the U.S. over the next four years. The underlying objective of this initiative is to incentivize companies to invest and establish manufacturing facilities in the U.S., thereby spurring the growth and development of the domestic semiconductor sector.