Trump plans 100% tariffs on chips but spares companies ‘building in US’ | Trump tariffs
Donald Trump said he would apply 100% tariffs to computer chips and will probably increase the cost of electronics, automobiles, home appliances and other goods that are probably necessary for the digital age.
“We will put about 100% tariff for chips and semiconductors,” he said, while meeting with Apple CEO Tim Cook. “But if you are building in the United States, there is no fee.”
The President of the Republic said that companies that make computer chips in the US will get rid of import tax. During the COVİD-19 pandem, the shortage of computer chips increased the price of cars and contributed to a general increase in inflation.
The questions sent to chip producers Nvidia and Intel were not answered immediately.
According to the World Semi -Semi -Trade Statistics Organization, the demand for computer chips climbs worldwide and sales increased by 19.6% throughout the year.
Trump’s tariff threats show that there is a significant break from the plans to revive computer chip production in the United States. He chooses an approach that supports the famous rod on the carrot to promote more production. Essentially, the president bets that despite the risk of higher chip costs, corporate profits of tariffs and increasing prices for mobile phones, TVs and refrigerators, most companies will force them to open factories at home.
On the other hand, the two -party chips and science law signed by Joe Biden in 2022 provided more than $ 50 billion to support the new computer chip plants, to support train workers for research and sector. The mixture of financing support, tax loans and other financial incentives was directed towards private investments, a strategy that Trump opposed the voice.
