President Donald Trump is due to announce Monday that chip giant Taiwan Semiconductor Manufacturing Co. plans to invest $100 billion in the United States, according to a person familiar with the plans who was not authorized to speak publicly.

President Donald Trump is set to announce an investment of more than $100 billion from Taiwan Semiconductor Manufacturing, a Taiwan chipmaker, a White House official confirmed to the Washington Examiner.

Mr. Trump did move forward with imposing a 10 percent tariff on all products from China, which triggered retaliation from that country. He is now threatening another 10 percent on all Chinese imports, which would come on top of the 10 to 25 percent tariffs he imposed on many Chinese products in his first term.