The Biden administration gave TSMC billions to build its semiconductors in the U.S., but Trump says he threatened 100% tariffs and got the company to double down

• President Trump said in an event Tuesday that the chipmaker TSMC promises an additional $ 100 billion to build semiconductors in the US after he is threatening the company with 100%. The company has already promised $ 65 billion to make the chips in the US and received a $ 6.6 billion subsidy under the Biden administration that Trump criticized.

The chipmaker pledged to make many semiconductors in the US thanks to the biden era incentives, but Trump said the company doubled 100% tariff.

President Trump, during a Republican Committee of the Committee of Congress in the National Tuesday, criticized the decision of former President Biden to give TSMC $ 6.6 Billion in Grants As part of 2022 chips and science work to support Phoenix semiconductor factories. The step was terminated before Biden’s term ends. TSMC promises $ 65 billion funds from TSMC.

In March, TSMC, with Trump, announcing an additional $ 100 billion investments to make the chips in the US and promoted the agreement closed with no stimulus.

“Everything I do is say, ‘If you don’t build your plant here, you will pay a large tax of 25, perhaps 50, maybe 100%,'” Trump As during activity.

TSMC refuses to comment on wealth.

Trump was previously criticized to provide government subsidy to businesses even if he intends to bring TSMC to the country with his first administration. Since the return of the White House, the President tried to scrap $ 52.7 billion chips to work, in Protest some republican senators whose states benefit from funds.

“These chip companies are loaded. They give these companies billions of dollars to build a plant in the United States. They have not built US,” Trump said on Tuesday.

On Wednesday, Trump announced a 90-day stop In the swift “Freedom Day” The President was initiated last week, they replaced with a 10% basic tariff in all countries other than China.

Although there is an exemption for semiconductors, the present searched tariffs of 32% tax in Taiwan, where most semiconductors in the world are produced. However, the chips are installed in electronics abroad occupy the tariffs available in the country where they are exported.

Trump threatens other companies, including manufacturer John Deer. At Trail Trump Say says he hit the make of 200% tariff unless plans stopped to move some of these from Midwest in Mexico. During his first administration, Trump came out General Motorsthreaten to cut federal subsidies after the company said it closes some of the US plants.

This story originally shown Fortune.com

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