Donald Trump declared Russia an “extraordinary threat” to the United States on Wednesday as he rolled out his first sanctions over Vladimir Putin’s refusal to stop the war in Ukraine.

Trump announced "a very large tariff on chips and semiconductors," but said that companies investing in the U.S. like Apple would be exempted.

Donald Trump’s friend “Tim Apple” — that is, gay Apple CEO Tim Cook — presented the president with a gift made of glass and 24-karat gold Wednesday at the same White House press conference during which Trump announced that Cook’s company would be exempt from a steep new tariff.