In the near future, Donald Trump demanded tariffs on foreign computer chips, semiconductors and pharmaceuticals from places such as Taiwan.
In the speech of the House GOP output conference in Miami, Trump said that the manufacturers do not need an incentive to build their chip factories in the United States
The effects of such tariffs could be huge. The Consumer Technology Association, the lobby group for the US electronics industry, warned that the tariffs could cover the cost of game consoles from the hundreds of dollars to $ 1,000.
“In the near future, we will place tariffs for foreign productions of computer chips, semiconductors and pharmaceuticals to return the production of these essential goods to the United States of America,” said Trump. “By the way, they left us and went to Taiwan, which is about 98% of the chip business. And we want you to come back and we will not give you billions of dollars like this ridiculous program that has bidden. “
The non-partisan-partisan chips & science law ensured subsidies of $ 52 billion so that companies could build factories in the US Intel, TSMC, coherent and analogous devices, the subsidies from the bidden Administration received.
Give all billions of dollars. You already have billions of dollars. You have nothing but money. They didn’t need money, ”said Trump. “They needed an incentive. And the incentive will be that you don’t want to pay 25, 50 or even 100% tax. You will build the factory with your own money. We don’t have to give you money. You will come in because it is good for you to come in. They give them money and they don’t know what to do with it. “
I asked the Semiconductor Industry Association, the lobby group of the chip industry, about a comment, but I suspect that they won’t like it.
Thanks to the incentives and not the tariffs, the SIA said this month that the chips and science act is on the right track to strengthen American production, to create jobs, to promote economic growth and to promote national security. The manufacturing incentives of the law have triggered significant announcements in the United States, the group said.
“In fact, companies have announced in the semiconductor ecosystem 90 new projects The chips and science act was introduced in the US states in 28 US states. These announced projects will create more than 58,000 jobs in the semiconductor ecosystem and support hundreds of thousands of additional US workstations in the entire US economy.
A SIA Boston consulting group report released Last May, the United States from 2022 – if the law was issued – will tripled the world’s largest processive increase in the world until 2032, the projected growth of 203%. The report also predicted that America will be recorded over a quarter (28%) of the total global investment expenditure from 2024 to 2032.
During the CES, the CTA stated that the proposed tariffs could increase the prices for laptops and tablets by 46%, game consoles by 40%and smartphones by 26%.
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