Apple’s chip production partnership with TSMC will likely take a financial hit from President Donald Trump’s proposed tariffs. Trump says he will place import taxes on semiconductors and other specific imports in the near future.

"They left us and went to Taiwan," Trump said while speaking at the House Republican Issues Conference on Monday. "We want them to come back." Following his promise of tariffs, Tr

The tariffs would ensnare cutting-edge smartphone and PC-related chips for Apple, AMD and Nvidia if enacted. But Trump is betting his plan will bring more chip production to the US.