Trump pushes chip makers to match US production with imports or face tariffs up to 100%

The United States wants semiconductor companies to produce the same number of chips in America as they buy from overseas suppliers, or they will have to pay big tariffs on foreign ￰0￱ Donald Trump keeps pushing harder to get chip makers to build their factories in the ￰1￱ told companies they can skip paying tariffs of around 100% on chips if they make semiconductors in America. However, companies that can’t keep up a balanced ratio between what they make domestically and what they import will get hit with those ￰2￱ Secretary Howard Lutnick talked to chip company bosses about this ￰3￱ said it might be needed to keep the country’s economy ￰4￱ is Trump’s newest way to reduce America’s dependence on chips from other ￰5￱ House spokesperson Kush Desai said America can’t keep relying on imports for semiconductors that matter for national and economic ￰6￱ Desai also said people should treat any news about new policies as guesswork until the government makes it official.

Trump’s chip plans have already made American and foreign companies spend hundreds of billions of dollars to build bigger manufacturing operations in the ￰7￱ plan would work like this: Companies that promise to make chips in America would get credit for the amount they plan to ￰8￱ would let them keep importing chips without tariffs until their new factories are ￰9￱ would also get extra help when they start building up their production ￰10￱ experts say making chips 1:1 domestically isn’t easy John Belton manages money at Gabelli Funds and owns shares in GlobalFoundries, Intel, and other American chip ￰11￱ said the rule requiring equal production and imports would be really hard to make ￰12￱ said the rule would be tough to implement and would probably take many ￰13￱ thinks it might help companies that already have factories in the ￰14￱ news about this possible policy came out, stock prices went ￰15￱ is the world’s third-biggest contract chip maker, and its shares jumped 5%.

Intel , which has been having money problems, also saw its stock go up 5%. These two companies are some of the few chip makers that already have big manufacturing operations in ￰16￱ has its main office in Malta, New ￰17￱ company plans to spend $16 billion on expanding its factories in New York and ￰18￱ government’s push doesn’t just target American companies ￰19￱ Representative Jamieson Greer went to Southeast Asia to talk directly to chip makers ￰20￱ met with government ministers from the Association of Southeast Asian Nations in Kuala ￰21￱ told Southeast Asian semiconductor companies they need to move their production to the ￰22￱ face punitive ￰23￱ trip happened while countries in the region were trying hard to get better access to American ￰24￱ came after Washington put tariffs of 10% to 40% on many products from the region in ￰25￱ said he knows Southeast Asia is important for making chips ￰26￱ he explained that worries about national security are making the Trump administration consider adding more tariffs just for ￰27￱ meeting with Malaysia’s trade minister, Tengku Zafrul Aziz, Greer told reporters that they need to be careful about handling international ￰28￱ said supply chains have to return to the United ￰29￱ weeks before Greer’s trip to Southeast Asia, President Trump had already warned companies about what was ￰30￱ said his administration would put a tariff on semiconductors made by companies that don’t move their production to the U.

S., and it would happen ￰31￱ $50 free to trade crypto when you sign up to Bybit now