HomePoliticsWinners get to buy their seat at the table. Literally. That was...

Winners get to buy their seat at the table. Literally. That was the tech industry dinner Trump just hosted.

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Trump’s tech dinner was more than a meal. It was a $1 trillion auction for influence, where billionaires literally bought their place at the American policy table. Tariffs on chips signal a seismic shift: U.S. production is being protected while foreign competitors are hit, and the line between corporate loyalty and national advantage is now crystal clear. Apple and other domestic investors get safety, while foreign firms face crippling 50 percent barriers, redrawing supply chains and shifting global power. The table was a battlefield in plain sight. Whoever sat there holds leverage; whoever didn’t is exposed. This is not politics as usual. This is wealth, policy, and power converging in real time, and the fallout will ripple across trade, innovation, and national security for years.

Trump warns ‘fairly substantial’ chip tariffs are coming; signals Apple, others will be safe

President Donald Trump has reiterated a warning that he will soon impose “fairly substantial” tariffs on semiconductor imports from companies that do not shift production to the U.S., but will spare firms like Apple that expand investments domestically.

Trump made the comments Thursday night during a dinner at the White House with more than two dozen major tech leaders, including Apple
CEO Tim Cook, Meta
’s Mark Zuckerberg and Oracle
CEO Safra Catz.

“I’ve discussed it with the people here, chips and semiconductors, and we’ll be putting tariffs on companies that aren’t coming in,” the President said.

“We’ll be putting a tariff very shortly. You probably are hearing we’ll be putting a fairly substantial tariff, or not that high, but a fairly substantial tariff.”

Trump had said last month during an event with Cook that he would impose a 100% tariff on semiconductor imports, while exempting products from companies that move their manufacturing to the U.S. At the time, Apple pledged to spend an additional $100 billion on a domestic manufacturing initiative, adding on a $500 billion announcement that Apple made in February.



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