President Donald Trump says he's imposing a 100% tariff on computer chips— a move that raises the specter of higher prices for electronics, autos, household appliances and other essential goods that depend on the processors.
  • floofloof@lemmy.ca
    21·
    3 months ago

    Every single news organization seems to be fudging what “build in the US” means, and no one seems to dare ask Trump what he means by that. So all of these articles are ambiguous and confusing. We have to assume he means to bully companies into making their own chips in the USA, which shows that Trump has no grasp of the difficulties involved in doing that. All he will achieve is to disrupt the business of all electronics companies doing business in the USA and raise the price of their products.

    Edit: US chip manufacturing seems to have increased over the last few years, with Intel making a lot of chips in the USA and TSMC making plenty of AMD chips in its Arizona fab too. So perhaps the goal of Trump’s move isn’t so crazy, but the implementation is so crude it will cause more problems than it solves, at least in the near future.

  • Bubbaonthebeach@lemmy.caEnglish
    5·
    3 months ago

    I really hope that many companies, not American ones of course, decide that the 100% tariff is fine for Americans to pay, and create all their chips in any other country in the world for the rest of the world to use.

  • CharlesDarwin@lemmy.worldEnglish
    2·
    3 months ago

    So tired of this illegal bullshit. Only with this stupid president and sycophantic party in power in Congress do we have presidents just waking up one day and deciding what tariffs are going to be.

    It’s fucking insane.