In August 2025, U.S. President Donald Trump publicly stated plans to impose tariffs on semiconductor imports, with possible exemptions for companies investing in U.S. manufacturing. Media reports indicated that rates would be announced in the following weeks at around 100 percent, and later statements mentioned levels as high as 300 percent.

The market will resolve to YES if, between 00:01 ET on August 27, 2025 and 23:59 ET on September 30, 2025, Donald Trump signs a federal law or takes an executive action that imposes tariffs on semiconductor imports into the United States. Only tariffs specifically targeting semiconductors count. Tariffs on semiconductors from one or more specific countries count. Official imposition during the stated period counts regardless of the effective date.

Data source: official information from the U.S. administration and the White House, publications in the Federal Register; or reports of reputable news agencies such as Reuters, AP, Bloomberg, etc.