President Trump’s tariffs on foreign chips will reach a whopping 100%, according to remarks he made on Wednesday. These tariffs could arrive as soon as next week. Trump mentioned the tariff rate after announcing a new $100 billion investment from Apple to develop more manufacturing in the US. In February, Apple pledged to invest $500 billion over the next four years to create new manufacturing jobs in the country. It's now expanding that to $600 billion, which "includes new and expanded work with 10 companies across America," CEO Tim Cook said in a statement. The 100% tariff rate would be staggering, and risks raising costs for tech companies and consumers, depending on how the duties are implemented. It's also significantly higher than the 25% rate that Trump initially floated in February. In his remarks, Trump indicated the high tariff rate is necessary to push the tech industry to build products domestically, when most of the world’s electronics manufacturing happens in Asia. T...