US stock futures higher as Trump threatens semiconductor tax

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• US stock futures higher as Trump threatens semiconductor tax</p>

<p>Medora Lee, USA TODAY August 7, 2025 at 6:03 PM</p>

<p>U.S. stock futures are higher after President Donald Trump said semiconductors would face a 100% tax unless the companies "are building in the United States."</p>

<p>The carveout was a relief for companies like Apple that invest in the United States. Apple just said it plans to spend an additional $100 billion on U.S. companies and suppliers over the next four years, in addition a $500 billion investment announced in February.</p>

<p>Taiwan said TSMC is exempted from the tax, and South Korea said chips from Samsung Electronics and SK Hynix won't be subject to the 100% tariff either.</p>

<p>The comments come on the heels of an earlier announcement of an additional 25% tax on India to bring the total levy to 50%. Trump said the additional tariff is because India continues to buy Russian oil.</p>

<p>Other countries are racing to strike a deal with Trump with the Aug 7 deadline here. Nations without a deal face new tariffs.</p>

<p>At 6 a.m., futures tied to the blue-chip Dow rose 0.48%, while broad S&P 500 futures added 0.69% and tech-heavy Nasdaq futures gained 0.70%.</p>

<p>Investors are also eyeing corporate earnings, which have been mostly positive. About 80% of reports are beating analysts' earnings expectations, above the 76% average of the last four quarters, according to data provider LSEG. Data also showed earnings growth for the quarter is estimated at 12.1%, up from 5.8% at the beginning of July.</p>

<p>Corporate news -</p>

<p>DoorDash's second-quarter results topped analysts' estimates.</p>

<p>MetLife's second-quarter results fell on less favorable underwriting and lower investment margins.</p>

<p>Duolingo reported better-than-expected second-quarter results and guided third-quarter sales above Street views.</p>

<p>Airbnb beat second-quarter forecasts and issued third-quarter sales guidance that straddled analysts' estimates. It also revealed margin pressures.</p>

<p>Corning inked an expanded partnership with Apple said it would expand its partnership with the company as part of its plans to increase manufacturing in the United States.</p>

<p>DraftKings said it expects full-year sales at the top end of its guidance.</p>

<p>United Airlines encountered a technical issue that grounded hundreds of flights and caused massive delays.</p>

<p>Ride-share company Lyft reported revenues just shy of forecasts.</p>

<p>A screen displays the Dow Jones Industrial Average after the closing bell on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., May 7, 2025. REUTERS/Brendan McDermidCryptocurrency</p>

<p>Actelis Networks said its board approved a cryptocurrency treasury strategy to help it diversify its balance sheet.</p>

<p>Medora Lee is a money, markets, and personal finance reporter at USA TODAY. You can reach her at [email protected] and subscribe to our free Daily Money newsletter for personal finance tips and business news every Monday through Friday morning.</p>

<p>This article originally appeared on USA TODAY: US stock futures higher as Trump threatens semiconductor tax</p>

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